ED move to attach Sun TV assets stayed by SC

Highlights:

  • Former Telecom Minister Dayanidhi Maran and Sun group chairman Kalanithi Maran are facing an ED probe.
  • The ED probe is under the Prevention of Money Laundering Act in the Aircel-Maxis case.
  • According to the court, ED's provisional attachment order would stay alive even if 180-day period for confirming it is over.
  • The Supreme Court stayed the Enforcement Directorate's attachment proceedings before the Adjudicating Authority under the money laundering law against Sun TV assets in connection with the Aircel-Maxis case.
  • The Bench is led by Chief Justice of India H.L. Dattu.
  • The ED had ordered provisional attachment of assets of Sun TV worth Rs.742 crore allegedly linked to the Aircel-Maxis deal.
  • The attachment order was under the Prevention of Money Laundering Act.
  • The Sun TV, represented by senior advocate Abhishek Manu Singhvi and Sumesh Dhawan, had earlier approached the Supreme Court against a Madras High Court order refusing to hear their plea against the provisional attachment on the grounds that the case was linked to the 2G spectrum scam.
  • There is a standing order by the Supreme Court that any complaints or grievances regarding 2G cases would be heard directly by the apex court and not the High Courts.
  • The top court had referred the Sun TV plea to its 2G Bench led by Chief Justice Dattu, where it is pending.
  • The provisional attachment order came as part of an investigation on former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife, Kaveri Kalanithi, for offences under the Prevention of Money Laundering Act.
  • Sun TV has maintained that the assets were acquired much before the agencies started their investigations into the Aircel-Maxis case.