P Chidambaram gives stern statement on ED raids at his residence

The Enforcement Directorate (ED) conducted raids at premises linked to Karti Chidambaram in connection with the investigation in the Aircel-Maxis case.

ED sources said the raids were held at Chidambaram's residences in Delhi and Chennai and at the office premises of Karti here.

Chennai: Police deployed during raids at one of the properties of Karti Chidambaram in Chennai on Jan 13, 2018. However, Mr Karti's lawyer has said the Directorate has taken possession of no document during the search.

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

The current ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by the then Finance minister Chidambaram.

Karti is alleged to have received Rs 3.5 crore from Mumbai-based INX media, now 9X Media, for helping it get the FIPB clearance when it was run by the Mukerjeas.

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Reacting to the raid, Congress party's chief spokesperson Randeep Surjewala lashed out at the government calling it a vendetta.

These vouchers were issued in favour of Advantage Strategic Consulting (P) Limited, a firm "indirectly" owned by Karti Chidambaram, the CBI had alleged.

"Stark truth is that Prime Minister Narendra Modi and his government are using agencies like ED and CBI as captive puppets to settle political scores and intimidate political opponents".

The party reiterated that it will not be cowed down or bow in face of such malicious and willful attempts to "browbeat, bulldoze or overawe". Nothing was found, nothing was seized. "I told them he is a resident of Chennai and I am the occupant of this house", Chidambaram said.

Mr Chidambaram also questioned the agency's jurisdiction to investigate the matter.

"There is no FIR registered concerning a scheduled crime by any investigating agency and hence, the ED has no jurisdiction to probe the case under PMLA", he added. It also found that the company promoted by Karti and P Chidambaram's nephew allegedly received two lakh dollars from Maxis Group in guise of software consultancy. The ED had registered the case against the former Finance Minister's son in May 2017.

(Copyright © 2015. All Rights Reserved.)
 
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