Karti Chidambaram’s premises in Delhi, Chennai raids by ED
1 month ago Rajeev K Sharma 0
New Delhi Jan 13: In the INX Media case the Enforcement Directorate(ED) conducted fresh raids at office premises of former finance minister and senior Congress leader P Chidambaram’s son Karti Chidambaram in New Delhi & Chennai.
According to the official’s raids are conducted in connection with INX Media money laundering case. ED issues a fresh summons for Jan 16 after Karti Chidambaram failed to appear before the investigation agency. Earlier a case was registered by ED against Karti Chidambaram and others including INX Media directors.
An Enforcement case information report was filed by ED against the accused Karti Chidambaram, INX media and its directors, Peter and Indrani Mukherjee. ED claimed that the former finance minister son’s to receive money from INX Media and used his influence to clear a tax probe for receiving money from Mauritius and this was a violation of Foreign Investment Promotion Board (FIPB).
However, CBI recovered voucher worth Rs 10 Lakhs and the investigating agency claimed that “these vouchers were issued in favor of Advantage Strategic Consulting (P) Limited” which is owned by Karti Chidambaram.
The ED also alleged that Karti Chidambaram has disposed of a property in Gurgaon, which he had allegedly rented to a multinational company “to whom foreign direct investment (FDI) approval had been granted in 2013”.
The ED also claimed that Mr. Chidambaram closed his certain bank accounts and tried to close to other accounts to frustrate the process of attachment, under the PLMA. ED mentioned that FIPB approval in the Aircel-Maxis FDI was granted in March 2006, the project proposal was only up to Rs 600 Crore and beyond that its need approval of Cabinet Committee on Economic Affairs (CCEA). However, the deal was of 800 million USD(more than 3500 Cr) and the approval from CCEA was not obtained according to the reports.