ED raids Karti Chidambaram's property

Aubrey Yates
January 13, 2018

The Enforcement Directorate on Thursday issued fresh summons to Karti Chidambaram, son of the former Union Minister, P. Chidambaram, for recording his statement in the case of alleged irregularities in the receipt and use of foreign direct investments by INX Media.

The Congress leader P Chidambaran said following the raids on Saturday that "They (ED officials) searched & found nothing but since they had to justify themselves they took papers of a statement made by govt in the Parliament, few years back".

The CBI had also held search operations at the homes and offices of Karti Chidambaram across four cities for allegedly getting money from the media firm to ruin a tax investigation.

However, ED sources said their action is based on the FIR registered by the agency and the CBI in the case that has not been quashed by the court.

Addressing reporters in Delhi, Chidambaram said the ED has "no jurisdiction" to conduct the searches and that some of these properties belonged to him.

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The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct.

Sources say that the ED chose to conduct the raids since Karti failed to appear before the agency on 11 January as per the summons they had sent him. Officers told me that they believed that Karti was an occupant of the house. No incriminating document was recovered or seized from Chennai residence of Karti Chidambaram by ED.

The Airtel-Maxis case was part of the wider 2G scam that engulfed the UPA regime.

The Enforcement Directorate case refers to the Foreign Investment Promotion Board (FIPB) consent granted in 2006 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 FDI approval had been granted in 2013.

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