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CBI raids Chidambaram and son Karti’s Chennai residences

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.


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  1. It would have happened earlier.There was so much information on father and son financial regularities.There was seven info on their money deals in one of the leading eye hospital in Chennai.