Chennai: Former Union Minister P Chidambaram’s house was raided by the Enforcement Directorate on Saturday in connection with the money laundering investigation in the Aircel-Maxis case, reported the Press Trust of India.
Both Chidambaram and his son Karti are out of town.
Official sources told PTI that the raids are being conducted in Delhi and Chennai since early morning. the report also mentioned that the Enforcement Directorate officials in Chennai and their counterparts from Delhi are involved in the operation.
The ED, last year had carried out similar raids at the house of a relative of Karti Chidambaram in the same case.
The case is related to a Foreign Investment Promotion Board (FIPB) approval granted in 2006 by Chidambaram, who was then the Finance Minister.
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”.
It charged that Karti had “also closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment” under the PMLA.
