Karti Chidambaram, son of home minister P Chidambaram, on Thursday dismissed allegations by BJP MP Yashwant Sinha that he owns 5% stake in a telecom company which was benefited from the 2G spectrum allocation.

In a statement, Karti said it was "deeply regretted" that the privileged forum of Parliament is misused to make "wild and reckless" allegations against a private citizen.
His remarks came as Sinha raised the issue of Aircel-Maxis deal in 2006 and alleged that Karti was benefited by the deal and Chidambaram was the finance minister then.
"I categorically state that neither I nor any member of amy family have acquired or hold any share in any telecom company. In particular, I categorically state that neither I nor any member of my family have acquired or hold any share in either Aircel or Maxis," Karti said.
He said the statement was first made by a person who is known to "indulge in making wild and reckless allegations".
"It is unfortunate that the same allegation should be repeated in Parliament by an honourable MP," Karti said.
{{/usCountry}}"It is unfortunate that the same allegation should be repeated in Parliament by an honourable MP," Karti said.
{{/usCountry}}Sinha alleged that the son of the former finance minister got a 5% shares from Maxis.
"Prima facie what happened was a big scam and government should not hush it up," Sinha said, demanding a statement from Mukherjee, who is the Leader of the House, as also the finance minister.