KUALA LUMPUR, May 19 — Billionaire Tan Sri T. Ananda Krishnan did not “abscond” from a corruption investigation in India as he was not served with the summons to appear, an Indian court ruled.
India’s Economic Times reported that the New Delhi court rejected an application to declare the tycoon and his aide, Ralph Marshall, as such as it was unclear that they were deliberately avoiding the summonses to assist the investigation.
The court’s ruling is seen as a setback for India’s Central Bureau of Investigation (CBI) that is investigating possible corruption in the sale of a stake in Aircel Cellular Ltd there.
The court has also halted proceedings indefinitely as it felt there was only a weak chance that the warrants would be executed.
“Where there is no material to indicate that the accused are deliberately evading the process of the court and even the warrants have not been received back as unexecuted, there is no question of having reason to believe that the accused have absconded,” the special CBI court reportedly said.
It also noted that the Malaysian government refused to serve the summonses to the two who are residing here.
The case dates back to 2014 and pertains to alleged abuse by then Indian telecoms minister Dayanidhi Maran in improperly favouring an operator for a spectrum award.