The Central Bureau of Investigation on Tuesday raided 16 properties linked to Karti P Chidambaram, son of former Union Finance Minister P Chidambaram, in Chennai, Mumbai, Delhi and Gurugram.

The raids are related to foreign investment clearances approved by the Centre’s Foreign Investment Promotion Board to media firms in 2007 during the United Progressive Alliance rule.

Special Correspondent

The First Information Report, which facilitated the raids, was filed in Delhi on Monday. The firms under scanner,

INX Media Private Limited and
INX News Private Limited

Indrani Mukherjea and Peter Mukherjea as former directors. The two are currently in prison on charges of killing their daughter Sheena Bora in April 2012.

Both their bunglow in Mumbai was also raided. Apart from the three, the FIR names.

Padma Vishwanathan as director of Advantage Strategic Consulting, “unknown officials” of the Ministry of Finance and “other unknown persons”. Chess Management Services, a firm in which Karti Chidambaram was a director during the alleged transactions, also finds a mention.

Officials aiding the CBI in the raids in Chennai said the FIR was the result of “three months” of investigation into the alleged transactions, which emerged during the “review of material” recovered from Indrani Mukherjea in the course of the probe into the Sheena Bora murder case.

The case is primarily based on two alleged illegalities:

• The media firm obtained foreign funding multiple times higher than what was allowed and redistributed it to another firm for which it did not have approval.

• And that it used Karti Chidambaram’s links with his father to post facto clear these inherently illegal transactions.

But P. Chidambaram and karthi Chidambram has denied the allegations. P Chidambaram alleged that the Centre was targeting his son to silence his voice.

While the CBI has named Karti Chidambaram and has gone after him with the raids, the investigating agency chose to remain mysteriously silent on the identity of officials, which it chose to mention as “unknown”.

The same manner ADMK deputy secretary Dinakaran been charged and arrested for bribing Election commission officials but there also the investigating agency chose to remain mysteriously silent on the identity of officials, which it chose to mention as “unknown”.

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