ED raids a comedy of errors, officials found nothing,claims PC

Ruben Hill
January 13, 2018

The Enforcement Directorate (ED) on Saturday conducted searches at the premises of former finance minister P Chidamabaram and his son Karti Chidambaram, in connection with the INX Media money laundering case.

The agency on Thursday issued fresh summons to Karti Chidambaram in a money laundering case related to alleged irregularities in getting foreign investment for the INX Media in 2007.

The central probe agency on December 1 previous year had conducted similar searches on the premises of a relative of Karti and others in this case. "The property in Jor Bagh is jointly owned by Karti Chidambaram and (his mother) Nalini Chidambaram".

The FIR registered by CBI against Karti Chidambaram included that Rs 3.5 crore was paid by INX Media which is promoted by Peter Mukerjea and Indrani to the companies directly and indirectly under Karti's control to influence Foreign Investment Promotion Board decision.

He also said that there is no FIR concerning a scheduled crime by the Central Bureau of Investigation (CBI) or any Police agency. Mr Karti Chidambaram is facing charges of money laundering in connection with the Aircel Maxis case. The agency had raided properties of Karti's close aides in Chennai and Kolkata on December 1.

The former finance minister said that the ED officials searched the place "including the kitchen and the bathroom and obviously they found nothing". No incriminating document was recovered or seized from Chennai residence of Karti Chidambaram by ED. "We have been asked to appear before the directorate on 30 January".

The raids were being carried since early morning, as per the official sources. There were about five officials at their residence.

The law enforcement agency, in its investigation, also found that the amount for FIPB approval was wrongly projected to hide the facts.

The Aircel-Maxis deal refers to a series of allegations of kickbacks in the telecom sector, which was part of the wider 2G scam that engulfed the UPA regime.

Other reports by Click Lancashire

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