Venugopal said: “We have to establish that Malaysia-based Maxis was the holding company of the Mauritius company through which investments were made. For establishing a nexus we have to know the source of funds and the link has to be established. Ten officials of FIPB [Foreign Investment Promotion Board] have also been examined.”
When Justice Radhakrishnan asked, “Do you feel any of the persons named in the FIR in the Maxis-Aircel case is delaying the investigation,” counsel said, “A politically and economically powerful person in Malaysia is delaying the probe. We have sent a Letter Rogatory and clarifications had also been given, but a further clarification had been sought from the CBI and they wanted to know whether there is any evidence, which is uncalled-for.”
