CBI raids residences of ex-finance minister P Chidambaram, son Karti

The CBI officials on Tuesday raided former union minister and senior Congress leader P Chidambaram and his son Karti's residences in the national capital and Chennai on Tuesday.

New Delhi: The Central Bureau of Investigation (CBI) officials on Tuesday raided former union minister and senior Congress leader P Chidambaram and his son Karti's residences in the national capital and Chennai in connection with alleged favours granted in FIPB clearance to a firm.

According to news agency PTI, the searches were spread across Mumbai, Delhi, Chennai, and Gurugram.

According to reports, the central probe agency raided various residences of Chidambaram in connection with cleareances given to INX Media in 2008, when he was the finance minister in the Manmohan Singh government.

Interestingly, Peter Mukerjea and Indrani Mukerjea controlled 50 percent INX Media. 

A total of at least 14 locations in Chidambaram`s home city of Chennai were searched by the CBI.

The agency had recently registered a case regarding Foreign Investment Promotion Board (FIPB) clearance given to a company in which it is alleged that favours were given when P Chidambaram was the finance minister.

Commenting on the raids, Chidambaram said, "You should have called your CBI friends.......Should I stop writing ? (against the government)."
"I mean...(this is) absolute nonsense," Chidambaram told PTI, adding he was not in Chennai.