ED raids Chidambaram, his son Karti's premises in Aircel-maxis case

13 January, 2018, 13:53 | Author: Sherman Richardson
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Police personnel were posted at the Nungambakkam residence of P Chidambaram following an ED raid.

The Enforcement Directorate (ED) on Saturday conducted searches senior Congress leader P Chidambaram's son Karti Chidambaram's premises in New Delhi and Chennai in connection with the INX Media money laundering case.

Five properties belonging to the family, including the ones in Chennai, Delhi and Karaikudi, were subjected to the sudden search operations by the CBI and ED.

He said he had no objection to their conducting searches because they had warrants. His house in Karaikudi was also raided.

After the CBI searches on May 16, former finance minister P Chidambaram had issued a statement saying the government was using the CBI and other agencies to target his son.

As per sources, Chidambaram was present at the Delhi residence when the raids were conducted there. The raids have come after December 1, 2017, raids which were conducted on the premises of Karti Chidambaram's relative and other people associated with him.

Speaking after the raid, Chidambaram said, "The raids got over at 11 am".

He also claimed that the CBI and the ED had searched Karti's residence in Chennai thrice so far but had found nothing there. "We have been asked to appear before the directorate on 30 January". In today's search, they thought Karti lives here.

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"They took away papers related to a statement made by the government in 2012-13 in the case and the background papers related to the case. I told them he is a resident of Chennai and I am the occupant of this house", he added.

Arun Natarajan, Counsel for Karti, told reporters that the searches were held in connection with the Aircel-maxis case.

The Airtel-Maxis case was part of the wider 2G scam that engulfed the UPA regime.

The CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas to scuttle a tax probe. "However, approval was not obtained from CCEA", it alleged.

The case pertains to alleged irregularities in the Foreign Investment Promotion Board approvals INX Media obtained in 2007 to receive funds worth Rs 305 crore from overseas.

In October past year, during investigation ED found that FIPB approval given by P Chidambaram in Aircel-Maxis case was beyond his mandate.

Following the FIPB clearance, the INX Media said it had received Foreign Direct Investment (FDI) of Rs 46.20 million, but actually received Rs 3,053.60 million between August 2007 and May 2008, the ED said.

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