Billionaire T. Ananda Krishnan, Malaysia’s richest man, has been ensnared in the giant telecommunications scandal that has wracked India and played a major role in fueling the protest led by Anna Hazare that threatens to bring down the Indian government and change the nature of politics.
Indian investigators have filed charges against the tycoon and a top Krishnan executive, Ralph Marshall, along with former Indian telecommunications minister Dayanidhi Maran and Maran’s brother, Kalanidhi, according to the Press Trust of India, on charges of criminal conspiracy over a controversial deal involving the telecommunications giant Maxis Communications Bhd. and a sister company of Krishnan’s, Aircel.
Few details have been given of the charges. Local media in Kuala Lumpur reported that Krishnan’s headquarters said they were aware of the charges but made no further comment and that the charges would have no effect on the stock. The Press Trust of India reported that the Central Bureau of Investigation had filed charges in connection with the purchase by Maxis of Aircel India in 2006. Full story...
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Indian investigators have filed charges against the tycoon and a top Krishnan executive, Ralph Marshall, along with former Indian telecommunications minister Dayanidhi Maran and Maran’s brother, Kalanidhi, according to the Press Trust of India, on charges of criminal conspiracy over a controversial deal involving the telecommunications giant Maxis Communications Bhd. and a sister company of Krishnan’s, Aircel.
Few details have been given of the charges. Local media in Kuala Lumpur reported that Krishnan’s headquarters said they were aware of the charges but made no further comment and that the charges would have no effect on the stock. The Press Trust of India reported that the Central Bureau of Investigation had filed charges in connection with the purchase by Maxis of Aircel India in 2006. Full story...
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