Enforcement Directorate official team have raided former Union Minister P Chidambaram’s home today at Chennai. This raid has been conducted in connection with a money-laundering investigation that happened after the Aircel Maxis case.

The raid happened when Mr. Chidambaram and his son named Karti were out of town. The official sources have said that the raid has been happening in both Delhi and Chennai at the same time since early morning.

The Enforcement Directorate officials from Chennai said that their own counterparts from Delhi were involved in the same operation.

The central probe agency has already conducted similar searches on last December on Karti Chidambaram’s relative home. The ED case pertains to the FIPB (Foreign Investment Promotion Board) approval that was granted during the year 2006 and then by the former Finance Minister P Chidambaram.

Chidambaram  P Chidambaram faces a home raid: Enforcement Directorate Officials sudden move P Chidambaram faces a home raid

The agency has said that they are at present investigating with the approval of FIPB that was earlier granted to them by none other than P Chidambaram (the former finance minister) himself. The ED even alleged that Karti has disposed of with a property that is located in Gurgaon, when he earlier rented out to a multinational company, for whom the FDI (Foreign Direct Investment) approval was granted during the year 2013.

It has been charged that Karti has closed some of his bank accounts and even attempted to close with the other ones in order to frustrate the entire process of attachment.

The agency also said that the FIPB approval was granted in Aircel Maxis case during March 2006 by Finance Minister himself. It has been found that FM was competent to approve certain project proposals that were estimated within six hundred crores of Indian Rupees. The money laundering has said to happen when former FM Chidambaram approved a proposal that was worth more than eight hundred million US Dollars.

P Chidambaram faces a home raid.  P Chidambaram faces a home raid: Enforcement Directorate Officials sudden move P Chidambaram faces a home raid