ED granted prosecution sanction against Chidambaram in two cases

The Enforcement Directorate (ED) has obtained prosecution sanction to proceed against senior Congress leader and former Union finance minister P. Chidambaram in connection with two significant money laundering cases. These cases pertain to the controversial Aircel-Maxis deal and the INX Media transaction, both of which have drawn considerable scrutiny over alleged financial irregularities. The Aircel-Maxis deal, executed in 2006, involved the acquisition of Aircel by Malaysian company Maxis Communications, raising concerns regarding foreign investment regulations. Similarly, the INX Media case revolves around allegations of irregularities in receiving foreign funds, which was a central issue during Chidambaram's tenure as finance minister. This latest development marks a critical juncture in the ongoing investigations, reflecting the ED's commitment to tackling financial misconduct. Chidambaram, who has previously denied any wrongdoing, faces increasing pressure as these cases unfold, potentially impacting his political career and the broader Congress party narrative ahead of upcoming elections.