The residence of former finance minister P Chidambaram was raided by the Central Bureau of Investigation (CBI) on Tuesday. Police claimed that the raids were conducted in connection with criminal misconduct in grant of Foreign Investment Promotion Board (FIPB) approval.
Along with Chidambaram, Karti, his son was also dragged into the matter. Karti’s son was also raided by CBI. Reportedly, 14 hot locations in Chennai, Chidambaram’s home city were searched by the CBI.
“The government is targeting my son and his friends. The government’s aim is to silence my voice and stop me from writing, like it has tried to do in cases of leaders of Opposition parties, journalists, columnists, NGOs and civil society organizations,” Chidambaram said. He also said that nothing can deter him from speaking and writing.
“Every case was processed according to law and approval was granted or refused in accordance with the recommendations of the FIBP consisting of five Secretaries to the government of India,” Chidambaram claimed.
“A show cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P Chidambaram who appears to be the controller and ultimate beneficiary in these transactions,” statement issued by the Enforcement Directorate (ED) said.
In retaliation of the show cause notice claiming Karti as a culprit, father Chidambaram slammed ED for making false allegations against his son. Substantiating his claim, Chidambaram said that the company’s past statements have cleared the air about Karti’s relationship with the company. “Karti was neither a shareholder nor director,” Chidambaram lashed out.
Advantage Strategic Consultants Private Limited is another firm, the premises of which got investigated by the ED. Summons were also issued to directors of Advantage Strategic Consultants Private Limited under Sec 37 of FEMA in August 2016.
Chidambaram has been accused of violating FEMA regulations for a massive amount of Rs 45 crore. To top it, Chidambaram has also been accused of money laundering in the Aircel-Maxis case.