Aircel-Maxis deal: ED raids Sequoia Capital office

The Enforcement Directorate (ED) conducted raids at the Bangalore office of the Singapore based firm Sequoia Capital.

Zee Media Bureau

New Delhi: The Enforcement Directorate (ED) on Tuesday conducted raids at the Bangalore office of the Singapore based firm Sequoia Capital, as per media reports.

A report in CNN News18 said that, the firm, which was co-owned by former finance minister P Chidambaram's son Karti Chidambaram, has been raided for flouting FDI rules.

Further details are awaited.

The Aircel-Maxis deal is being probed by both ED and CBI and the case is a part of the overall probe in the 2G scam case.

The Supreme Court is monitoring the probe in this case and for ED it has appointed Deputy Director Rajeshwar Singh as the investigating officer till the probe gets over.