Source: News Bharati English19 May 2017 15:01:12

New Delhi, May 19: Son of former Union Minister P Chidambaram, Karti Chidambaram ran away for London after CBI Raids on their premises in connection with the alleged irregularities in FDI on Tuesday. The Enforcement Directorate (ED) has registered a money laundering case against Karti Chidambaram.
The case has been registered under sections of Prevention of Money Laundering Act in connection with alleged irregularities in the grant of Foreign Investment Promotion Board(FIPB)   approval to a company to get FDI.  The action has been taken on the basis of a  FIR filed by the  CBI against Karti Chidambaram  over the allegation that he  exercised his influence over FIPB officials to grant  foreign investment clearance to a firm, INX Media, in 2007.

The raid was conducted after an FIR was filed against P Chidambaram and his son Karti in connection to a foreign Investment Promotion Board (FIBP) clearance on Tuesday. The CBI had filed an FIR against Karti and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct.

Earlier, the former Finance Minister in her statement denied any misconduct in the grant of FIPB approval, said the BJP-led NDA government was using the CBI and other agencies to target my son and his friends.

He said when he was the Finance Minister every case was processed according to the law and approval was granted or refused in accordance with the recommendations of the FIPB, consisting of five secretaries to the government of India.

A case that sparked off in 2011 is still struggling to be resolved. The Aircel-Maxis case involved 745 crore in which former Telecom Minister Dayanidhi Maran, his brother and wife along with P.Chidambaram were also said to be involved.

Central Bureau of Investigation earlier told Supreme Court that it is investigating former Congress Finance Minister P Chidambaram for the clearance he gave to Malaysian firm Maxis to buy 100 percent of Aircel.

The CBI also said it had made this known to BJP leader Subramanian Swamy. The BJP MP has said Chidambaram illegally granted Foreign Investment Promotion Board clearance to the Rs 3500-crore Aircel-Maxis deal in 2006.