ED Raids Karti Chidambaram's Chennai And Delhi Homes, Finds Nothing!

Henrietta Brewer
January 13, 2018

His remarks came hours after the agency, which is investigating Karti, raided properties in Delhi and Chennai in connection with the INX Media case, reported news agency ANI.

"The ED conducted a raid today".

ED had provided information about the alleged illegal payments made by INX Media and consequentially Central Bureau of Investigation (CBI) had registered FIR.

The ED had, in May past year, registered a case under the Prevention of Money Laundering Act against Karti and others.


"Since they had to justify the search, they took some background papers related to a statement made by the government in Parliament in 2012-13".

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 FIPB approval was granted in "hundreds of cases", the senior Congress leader had said. His house in Karaikudi was also raided. Karti Chidambaram is accused of facilitating bribes in the Aircel-Maxis transaction.

"There are obviously no proceeds of crime and the ED has no jurisdiction under the Prevention of Money Laundering Act (PMLA)", P Chidambaram told reporters.


In October, 2017, during investigation ED found that Foreign Investment Promotion Board (FIPB) approval given by P Chidambaram in Aircel-Maxis case was beyond his mandate. Earlier, CBI had also carried out a raid at the residence across four cities of Karti Chidambaram over the INX media case for alleged of receiving money by Peter and Indrani.

However, Mr Chidambaram denies the charge saying, due procedures were followed. During that period his father P Chidambaram was the Union 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.

Following the FIPB clearance, 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.


Other reports by iNewsToday

FOLLOW OUR NEWSPAPER