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ED Conducts Raids at Karti Chidambaram's Properties in New Delhi, Chennai

ED Conducts Raids at Karti Chidambaram's Properties in New Delhi, Chennai

Earlier in the day, The Enforcement Directorate (ED) conducted a raid at former union minister P. Chidambaram's son Karti Chidambaram's homes in Delhi and Chennai in the Aircel-Maxis case. In comedy of errors, the ED Officers said that they believe Karthi Chidambaram is the occupant of the house in Jor Bagh, but it's not, he added.

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.

"Since they had the search warrant, I did not raise any objections to the search but I said I will record my protest that there is no FIR in respect of the scheduled crime registered by any investigating agency including the CBI".

The raids took place after Chidambaram failed to appear before the ED. Also, the INX media owners Peter and Indrani are charged with the murder of their daughter Sheen Bora who bribes Chidambaram son Karti in 2007 for violating the approval FIPB.

"They found nothing in the Chennai searches". The agency had conducted similar searches on the premises of a relative of Karti Chidambaram and others in this case in December. Nothing was recovered from Karti's house during the raid.

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As per sources, Chidambaram was present at the Delhi residence when the raids were conducted there.

The case relates to the approvals the Foreign Investment Promotion Board granted for the Aircel-Maxis deal in 2006 when P Chidambaram was the finance minister.

The FIPB approval was supposed to go to the Cabinet Committee of Economic Affairs but Chidambaram senior allegedly approved it on his own and the amount for FIPB clearance was wrongly projected to hide facts.

The Supreme Court on Friday issued notices to ED and CBI questioning the grounds on which the agencies were probing the Chidambarams since there is no FIR filed against them.

Later, Subramanian Swamy alleged that in 2006, a company controlled by Karti received a 5 per cent kickback as a part of Rs 5,000 crore paid by Maxis for a 74 per cent stake in Aircel.


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