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Aircel Maxis case: ED raids Karti Chidambaram's premises in Chennai and Delhi
Posted on: 13-01-2018 , 11:48:AM | DY365 Bureau

 Picture Courtesy: The Indian Express

 January 13, 2018: The Enforcement Directorate (ED) on Saturday conducted searches at multiple premises linked to Karti Chidambaram, the son of Congress leader P Chidambaram, in connection with its money laundering probe in the Aircel-Maxis case. 

 
Official sources said the raids are being conducted in Delhi and Chennai since early morning.
 
The central probe agency, on December 1 last year, had conducted similar searches on the premises of a relative of Karti and others in this case.
 
The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by the then finance minister P Chidambaram.
 
The agency had said it is investigating “the circumstances of the said FIPB approval granted by the then finance minister (P Chidambaram)”.
 
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 foreign direct investment (FDI) approval had been granted in 2013”. 
 
 
 

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