The Supreme Court on Monday pulled up the CBI and the ED for not investigating all cases relating to 2G spectrum allocation and directed them to complete it within six months. Roles of P Chidambaram and Karti is under scanner because of the complexity of Aircel-Maxis case.
A bench of Justice Arun Mishra and Justice Naveen Sinha slammed the agencies for not completing their probe in all 2G spectrum cases and related cases arising out of it, including the Aircel-Maxis deal, saying "you can't keep the people of this country in the dark".
"Why is there so much delay in completing the investigation in the 2G spectrum and ancilliary cases".
The court, which was hearing a PIL seeking probe into 1,528 alleged extra-judicial killings, had ordered registration of FIR in 81 cases including 32 probed by a Commission of Enquiry, 32 investigated by judicial authorities, 11 in which compensation was awarded and six probed by the commission headed by former Supreme Court judge Santosh Hegde. "It is shocking, all matters should see end of the day", Misra said.
"The issue is serious for this country".
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The securities and state assets regulators were not mentioned among the proposed changes. Such regulatory arbitrage and risky cross-asset investments have anxious policymakers.
He said Krishnan was not cooperating with the investigation in the case and no documents have been supplied by Malaysian government. "We are anxious about this case, we are very unhappy", the bench said. In late December, Delhi's special trial court acquitted all the accused in 2G scam including the former Telecom Minister A Raja in 2G spectrum allocation case.
The bench also dismissed a contempt petition filed against the Centre over the appointment of Additional Solicitor General Tushar Mehta as the special public prosecutor in the 2G case.
The CBI had claimed that M/s Global Communication Services Holdings Ltd had sought Foreign Investement Promotion Board (FIPB) approval for 800 million United States dollars for which only the CCEA was competent, but Chidambaram had given approval to the firm in March 2006.
The Aircel-Maxis case refers to a Foreign Investment Promotion Board (FIPB) approval in 2006 by the then Union finance minister P Chidambaram. The top court said, "if not probe agencies, are invisible hands not completing 2G probe".