INX media money laundering case: ED raids Karti Chidambaram's premises today

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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.

As per sources, Chidambaram was present at the Delhi residence when the raids were conducted there.

"They searched and found nothing but since they had to justify themselves they took papers of a statement made by government in the Parliament, few years back".

Both Chidambaram and his son Karti are out of town.

"There are obviously no proceeds of crime and the ED has no jurisdiction under the Prevention of Money Laundering Act (PMLA)", P Chidambaram told reporters.

Calling the raid a vendetta against senior Congress leaders, Congress party member Randeep Surjewala said, "Everyday PM Modi and his government use ED and CBI as captive puppets to seek revenge from opposition". Nothing was found, nothing was seized.

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He has been asked to appear by the agency on January 16 in this case.

Terming the raids as a comedy of errors, he said, "It's a comedy of errors that my Chennai residence and Delhi residence have been raised thrice and the ED has found nothing".

Chidambaram also said he had yesterday itself anticipated that as the notices were issued by the SC, "the ED has to conduct some drama in order to cover up some track and hence will conduct searches in Chennai". Mr Karti Chidambaram is facing charges of money laundering in connection with the Aircel Maxis case.

In 2011, former Aircel head C. Sivasankaran complained to the CBI that he was being forced by then telecom minister Dayanidhi Maran to sell Aircel to the Malaysia-based Maxis Communications group owned by T. Ananda Krishnan.

In May 2017, CBI registered a case against Karti Chidambaram the son of former Finance Minister P. Chidambaram in the connection with a corruption case and involved in the alleged misuse of foreign funds by INX media.

It was alleged that Karti received Rs 3.5 crore for assisting INX media in getting FIPB approval.