If you have missed the Tehelka story that got former telecom minister Dayanidhi Maran into hassle, here it is.
What it says, in brief: As minister, he stalled Aircel's efforts to induce telecom licences for years. And then once arm-twisting the homeowners to sell Aircel to the Malaysian firm Maxis, that his friend owns, he fast-tracked the spectrum approvals. As kickbacks, he got Maxis to speculate in 2 corporations run by his family. He benefited to the tune of Rs 700 crore, the magazine alleges. that is plenty, and he should be punished, particularly when Kanimozhi, his parliamentarian-cousin accused of pocketing concerning Rs two hundred crore, is already in jail. Dayanidhi is that the next on CBI's calling list, Tehelka predicts.
Soon once news broke that Maran, currently textiles minister within the Manmohan Singh cupboard, was aiming to get into a legal battle with Tehelka, stocks of Sun TV Networks fell by thirty per cent and low-cost air carrier SpiceJet by twelve per cent. They recovered slightly later within the day. the businesses are owned by the Maran family, and run by Dayanidhi's brother Kalanidhi.
Politics is already raging, with Tamil Nadu chief minister J Jayalalithaa demanding Maran's resignation, and therefore the DMK saying a court case is not grounds enough for him to resign. once keeping mum all of yesterday, the dapper Maran spoke out this morning, saying he owned no shares within the Sun TV Network, within which Maxis had invested. In its rebuttal, Tehelka has dubbed his defence simply clever speak as a result of the cash went into a corporation his brother owned.
Prime Minister Manmohan Singh, worried over Baba Ramdev's call to travel on a quick, met his cupboard this morning, and Maran sat in. we do not shrewdness for much longer the dapper politician will hold out, currently that a giant scandal has broken out, however once the quid professional quo is established, he might haven't any choice however to travel. Dayanidhi, for those not tuned in to Tamil Nadu politics, is DMK patriarch M Karunanidhi's nephew.
A quick recap: Raja, the DMK leader who succeeded Dayanidhi as telecom minister, additionally sold spectrum low cost, allegedly inflicting the state a loss of concerning Rs one.74 lakh crore. he's currently in Tihar jail.
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