The CBI team has raided the premises of Karti Chidambaram, son of former Finance Minister P. Chidambaram. It is being told that the CBI team has reached their bases in Delhi, Mumbai and Tamil Nadu.
The CBI team has raided the premises of Karti Chidambaram, son of former Finance Minister P. Chidambaram. It is being told that this raid is related to a recent investigation. The CBI team has started a search operation at Karti’s house and office besides at many places. According to the information, this raid has been done at Karti’s premises in Delhi, Mumbai and Tamil Nadu.
Karti Chidambaram has tweeted after this raid. He has written on his Twitter account, how many times this has happened, I have forgotten the count. He further wrote, this raid should be registered.
305 crore case
Karti Chidambaram is facing several criminal cases related to the Aircel-Maxis deal and the Foreign Investment Promotion Board’s approval to INX Media to receive foreign funds to the tune of Rs 305 crore. This foreign fund was received by his father P Chidambaram when he was the Home Minister.
Know what is INX Media Case
The CBI had registered an FIR against the media company INX Media on May 15, 2017. INX Media Group is alleged to have committed various irregularities in the Foreign Investment Promotion Board (FIPB) approval by the company for receiving foreign funds to the tune of Rs 305 crore. Let us inform that during the year 2007, when the investment was given to the company, P Chidambaram was the Finance Minister at that time.