ED raids Karti Chidambaram's property

ED raids Karti Chidambaram’s premises in Delhi Chennai

Karti Chidambaram

Terming as malicious vendetta" the raids by the Enforcement Directorate at the residences of senior Congress leader P Chidambaram's son Karti Chidambaram in Delhi and Chennai in connection with the Aircel-Maxis case, the Congress on Saturday said the ED and the CBI were being used as "captive puppets' to take political revenge.

The ED, a year ago had carried out similar raids at the house of a relative of Karti Chidambaram in the same case. "The ED has no jurisdiction to investigate under Prevention of Money Laundering Act (PMLA)".

The raids were conducted in connection with INX media money laundering case filed against Karti Chidambaram by ED in May a year ago.

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

ED officials searched and found nothing, Chidambaram said.

"There is no FIR concerning a scheduled crime by CBI or any agency".

The Chidambarams have, however, denied all the charges made against them. The FIPB approval was granted in "hundreds of cases", he had said. "Not surprised by the malicious vendetta being unleashed against senior Congress leaders including P Chidambaram and his son". "The ED conducted a raid today. The raid concluded at 10:45 am", Karti's lawyer Arun Natrajan told media in Chennai. Nothing was found, nothing was seized.

"It was a raid conducted under the provisions of PMLA", said Arun Natrajan.

The law enforcement agency, in its investigation, also found that the amount of FIPB approval was wrongly projected to hide the facts. Karti Chidambaram is accused of facilitating bribes in the Aircel-Maxis transaction.

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.

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