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News Aircel 2G Spectrum Scam: SC Proposes To Cancel Aircel's 2G License

Aircel 2G Spectrum Scam: SC Proposes To Cancel Aircel’s 2G License

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The new twist popping out in the popular Aircel-Maxis 2G spectrum scam is, Supreme Court on Friday threatened to cancel Aircel’s 2G license if T.Ananda Krishnan, the owner and controller of maxis Group continues to avoid the appearance before Indian courts.

In its oral observation the Supreme Court stated, “If he is going to use an asset belonging to this country, he may be anywhere in the world but must appear before us.”

The panel of judges headed by Chief Justice of India J.S. Khehar, justices N.V. Ramana and D.Y. Chandrachud proposed to pass an order to cease Aircel to earn any revenue using 2G spectrum license if Maxis and Krishnan continue to dodge summons and scheduled the hearing on February 3, 2017

Aircel-Maxis 2G Spectrum Scam is labelled as the biggest political scam in the Indian history.

In September 2016, a special court headed by Central Bureau of Investigation (CBI) in Delhi found  Krishnan, a Malaysian citizen, as an accused in the Aircel-Maxis money laundering case and issued an open bailable warrant against him. Interpol is currently in the process of serving summons to Malaysian accused. Interpol is currently in the process of serving summons to Malaysian accused.

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