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Chinnakannan Sivasankaran: The Chennai-born billionaire behind Dayanidhi Maran's exit
NEW DELHI: With Dayanidhi Maran’s exit from the Union Council of Ministers, reclusive globetrotting Chennai-born billionaire Chinnakannan Sivasankaran has, yet again, drawn blood in a battle on his home ground.
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It was Sivasankaran’s charge that Maran manipulated him into selling his telco Aircel by inordinately denying it licences that cost the minister his job.
Malaysian billionaire T Ananda Krishnan of Maxis (along with Apollo Hospital’s Reddy family) bought Aircel for $800 million in 2005.
The company troubles disappeared and it received telecom licences within four months.
Chinnakannan sivasankaran biography of mahatma
Two years later, Ananda Krishnan invested $166 million for a 20% stake in Sun Direct, run by Maran’s brother Kalanithi Maran. While Sivasankaran has been crying foul for a while, the game changer was his hiring of former Federal Bureau of Investigations chief Louis Freeh.
When Sivasankaran appeared at the Central Bureau o