Chidambaram, Karti residences raided by ED, CBI

INX Media case ED conducts raids at Chidambaram Karti's

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.

Reacting to ED raids senior Congress leader Randeep Surjewala said, "Not surprised by the malicious vendetta being unleashed against senior Congress leaders including P Chidambaram and his son". "The property in Jor Bagh is jointly owned by Karti Chidambaram and (his mother) Nalini Chidambaram".

Accordingly, this excess foreign exchange equivalent to Rs 3,004.40 million, beyond the disclosed permitted foreign investment, was received by INX Media from three Mauritius-based investors, said the ED.

"The officers told me that they thought Karti is an occupant of this house, but he is not", he added.

"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".

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Chidambaram also said he had yesterday itself anticipated that as the notices were issued by the SC, "the ED has to conduct some drama in order to cover up some track and hence will conduct searches in Chennai".

The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct.

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 ED also alleged that Karti has disposed of a property in Gurgaon, which he had allegedly rented out to a multinational company to whom FDI approval had been granted in 2013. The ED alleged that FIPB approval in the Aircel-Maxis FDI case was granted in March, 2006 by the then finance minister despite he was capable to agreement on project proposals only up to Rs 600 crore and more that it needed the approval of the Cabinet Committee on Economic Affairs (CCEA).

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