NEW DELHI: The Central Bureau of Investigation (CBI) conducted raids at the residences of former Union minister and senior Congress leader P Chidambaramand his son Karti in Chennai on Tuesday.
Last month, a showcause notice had been issued to Karti Chidambaram and a firm purportedly linked to him for alleged Foreign Exchange Management Act (FEMA) violations of Rs 45 crore. He is also being investigated on a money laundering charge in the Aircel-Maxis case.
“A show cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P Chidambaram who appears to be the controller and ultimate beneficiary in these transactions,” the Enforcement Directorate (ED) had said in a statement.
The firm Advantage Strategic Consulting Private Limited has come under the ED’s lens over money laundering charges in the Aircel-Maxis deal.
A similar notice had also been issued in the case to Chennai-based M/s Vasan Health Care Private Limited for alleged forex violation of Rs 2,262 crore.