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Highlights: After CBI searches, Karti Chidambaram says raids a sign of political vendetta

The former Union home minister and his son have been accused of a number of bribery allegations.

india Updated: Jun 13, 2017 09:47 IST
P Chidambaram,Karti Chidambaram,CBI
Chidambaram’s son was last month issued a show-cause notice by the Enforcement Directorate for allegedly violating foreign exchange laws.(PTI File Photo)

Central Bureau of Investigation (CBI) raided the homes of former finance minister P Chidambaram and his son on Tuesday.

Sources said the raids were in connection with foreign investment clearances given by the erstwhile UPA government, in which P Chidambaram was then the finance minister.

The cases include the deal between telecom players Aircel and Maxis, and investments received by INX News.

A total of at least 14 locations in Chidambaram’s home city of Chennai were searched by the CBI, India’s main federal crime-fighting agency, TV news channels reported.

Here are the live updates:

7pm: Finance minister Arun Jaitley defends searches at the homes of P Chidambaram, his son and RJD chief Lalu Prasad. He says the tax department or CBI do not act unless there is a “substantial basis and a reason to suspect” that there is a tax evasion or a crime has been committed.

3.20pm: CBI searches house of former media baron Peter Mukerjea in Mumbai as part of investigations over alleged favours granted in foreign investment clearance to INX Media.

2:47pm: It is a day of accountability for the government and also the corrupt, says Union minister Piyush Goyal, attacking Lalu Prasad and Chidambaram: PTI

2:45pm: BJP leader and Union minister Piyush Goyal says the issue is why beneficiaries of FIPB approval gave money to firms owned by P Chidambaram’s son: PTI

1.45pm: Karti says the filing of cases against him and raids on his properties were being done out of political vendetta and to muzzle his father’s voice against the central government.

1pm: An FIR has been lodged against former Union minister P Chidambaram’s son Karti, Indrani Mukherjea, unknown officers of FIPB Unit of Ministry of Finance and others over alleged financial misappropriation over Foreign Investment Promotion Board (FIPB) clearance to Peter and Indrani’s media company INX Media in 2008.

12.10pm: CBI registered the case against INX Media through its director Indrani, Peter, Karti, Chess Management Services (a company of Karti), Advantage Strategic Consulting Limited through its director Padma Vishwanathan.


10.10am: Strongly condemn raids against Chidambaram and Karti Chidambaram . Political vendetta of the worst kind, Congress leader Digvijay Singh tweeted on Tuesday.

10am: The raids are a consequence of pressure from CBI’s sister agency, the Enforcement Directorate (ED), which said in a status report submitted to Supreme Court in April that it has included P Chidambaram as an accused in their investigation into Aircel-Maxis case.

Aircel was sold to Maxis, a Malaysian company, in a deal that allegedly contravened protocol for foreign investments.

9.50am: Should I stop writing against the government: P Chidambaram tells PTI after the raids.

9.45am: Govt using CBI to target my son and his friends, wants to silence me: ANI quotes P Chidambaram

9.20am: Chidambaram has done nothing wrong, these raids are politically motivated: KR Ramasamy,Congress.

9am: TV reports said at least 14 locations in Chidambaram’s home city Chennai, Gurgaon, Mumbai and Delhi were searched by the CBI.

8.45pm: The raids are also taking place at the Nungambakkam residence of P Chidambaram in Chennai, a senior police official told PTI.

8.30am: CBI raid former union minister P Chidambaram’s residence in Chennai.

First Published: May 16, 2017 09:53 IST