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CBI raids Chidambaram, son Karti's residences in FIPB case
The raids are linked to charges that Chidambaram's son Karti's company facilitated clearances for foreign investment to a media company.
Chennai: The Central Bureau of Investigation on Tuesday swooped down on the residences and premises belonging to former Union Finance Minister P Chidambaram and his son Karti in Chennai and elsewhere in Tamil Nadu.
The raids were in connection with an FIR registered this morning against P Chidambaram in connection with Foreign Investment Promotion Board clearance given to INX Media in 2008 when he was finance minister in the UPA-1 government under Prime Minister Manmohan Singh.
INX Media had launched NewsX in 2008 with jailed Peter Mukerjea and his wife Indrani Mukerjea as partners.
Raids were conducted at Chidambaram's residence in Nungambakkam and Karaikudi where he and his son are said to own numerous properties.
Reacting to the raids on the various places, Chidambaram alleged that the government wanted him to stop writing against it and is, therefore ‘targetting’ him.
“Government is using CBI and other agencies are targeting my son and his friends as govt wants to silence my voice,” the ex-minister remarked.
“Should I stop writing against the government: P Chidambaram after raids,” he asked.
He further added, “Every case was processed according to law and approval granted or refused accordance with FIPB recommendations consisting of 5 GOI Secretaries,” iterating his stance on the issue.
