Published: Sat, January 13, 2018
Sport | By Wilson Duncan

They searched and found nothing, says P Chidambaram

They searched and found nothing, says P Chidambaram

As the Enforcement Directorate (ED) on Saturday conducted searches at multiple premises linked to Karti Chidambaram, his father and senior Congress leader P Chidambaram slammed the agency and said that it had no jurisdiction to carry out the raids.

The agency had on Thursday issued fresh summons to Karti after he skipped his appearance before it in connection with the money laundering probe.

The ECIR was filed a complaint under the provisions of the Prevention of Money Laundering Act (PMLA).

ED official charged that Karti had "also closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment" under the PMLA. Sources said, four properties were searched in Chennai and one in the national capital.

Congress leader and former finance minister P. Chidambaram to this said that the ED officials found nothing during the raid at his son's Karti Chidambaram's residence, therefore, took away a few documents to justify themselves.

The former finance minister said that the ED officials searched the place "including the kitchen and the bathroom and obviously they found nothing".

Sources say that the ED chose to conduct the raids since Karti failed to appear before the agency on 11 January as per the summons they had sent him. The agency had raided properties of Karti's close aides in Chennai and Kolkata on December 1. "It's a comedy of errors that my Chennai residence and Delhi residence have been raided thrice and the ED has found nothing".

The central probe agency had registered a case against him and others in May this year.

The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by the then finance minister P Chidambaram. Following the FIPB clearance, the INX Media said it had received Foreign Direct Investment (FDI) of Rs 46.20 million, but actually received Rs 3,053.60 million between August 2007 and May 2008, the ED said.

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