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Karti Chidambaram’s companies raided

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The Enforcement Directorate and income tax department on Tuesday (December 1) conducted raids at firms of Karti Chidambaram, son of former finance minister P Chidambaram. In August, the Enforcement Directorate had summoned two directors of Advantage Strategic Consulting, a company allegedly linked to Karti Chidambaram, in the Aircel-Maxis case. In the Aircel-Maxis case, ED had in December last year questioned former telecom minister Dayanidhi Maran and his brother Kalanithi after the agency had probed all the financial transactions of their Sun Network group companies. As the then leader of the opposition in Rajya Sabha in May 2012, finance minister Arun Jaitley had accused P Chidambaram, then home minister, that a firm (Advantage Strategic Consulting) owned by his family member had allegedly made payments to Aircel. This deal came up just before the telecom company had received major investment from Malaysian firm Maxis and the ownership had changed. The issue relates to 2006 when the matter of change of ownership of Aircel was pending with then finance minister P Chidambaram. As FM, Chidambaram had approved the Maxis investment in Aircel on March 7, 2006.

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