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HomeBusinessAircel-Maxis case: ED, I-T dept conduct raids at Karthi P Chidambaram's firms

Aircel-Maxis case: ED, I-T dept conduct raids at Karthi P Chidambaram’s firms

The Enforcement Directorate (ED) and Income Tax department on Tuesday conducted raids at “some places” of Congress leader Karthi P Chidambaram, IT official said.

The issue relates to former Finance Minister P Chidambaram’s son Karti in connection with its money laundering probe in the Aircel-Maxis case.

The agencies have conducted raids at two firms linked to Karti –Vasan Eye Care and Advantage Strategic.

The Aircel-Maxis deal is being probed by both ED and CBI and the case is a part of the overall probe in the 2G scam case.

Meanwhile, reacting to the raids, former FM P Chidambaram said, “If govt wants to target me, it should do so directly”.

“My family and I are quite prepared to face the malicious onslaught launched by government,” he added.

The Supreme Court is monitoring the probe in this case and for ED it has appointed Deputy Director Rajeshwar Singh as the investigating officer till the probe gets over.

It may be recalled that in August this year, the ED  had issued summons to two directors of a firm said to be owned by Karti Chidambaram.

It has also been alleged that the company controlled by Karti Chidambaram had benefited by earning huge profits during the sale of Aircel, they added.

The CBI has already recorded the statement of Karti in connection with its probe into the FIPB approval granted to the Aircel-Maxis deal by the UPA government.

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