INX Media case: ED raids Karti Chidambaram's properties in Delhi, Chennai

INX Media case ED conducts raids at Chidambaram Karti's

INX Media case ED conducts raids at Chidambaram Karti's premises in Delhi Chennai

He was reacting after the Enforcement Directorate (ED) conducted searches at multiple premises linked to Karti Chidambaram, the senior Congress leader's son, in connection with its money laundering probe in the Aircel-Maxis case. Karti is the son of former Finance Minister and top Congress leader P. Chidambaram and is facing a probe for his alleged role in facilitating the FIPB's clearance during his father's tenure. "I anticipated they'll search premises in Chennai again but in a comedy of errors they came to Jor Bagh (in Delhi) & officers told me that they thought Karti is an occupant of this house but he is not". Reports also suggest that P Chidambaram and Karti Chidambaram are not in town. "The main ground in the case is that there is no FIR in respect of a scheduled crime registered by any police agency including the CBI", said Chidambaram.

Sources say that the ED made a decision to conduct the raids since Karti failed to appear before the agency on 11 January as per the summons they had sent him. And then in 2017, the money laundering case has been lodged by the ED against Karti along with two others. The agency had raided properties of Karti's close aides in Chennai and Kolkata on December 1. However, Mr Karti's lawyer has said the Directorate has taken possession of no document during the search.

He has been asked to appear by the agency on January 16 in this case.

The case pertains to alleged irregularities in the Foreign Investment Promotion Board approvals INX Media obtained in 2007 to receive funds worth Rs 305 crore from overseas.

The Aircel-Maxis deal refers to a series of allegations of kickbacks in the telecom sector, which was part of the wider 2G scam that engulfed the UPA regime.

It was alleged that Karti received Rs 3.5 crore for assisting INX media in getting FIPB approval.

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.

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