ED action against Karti insane mixture of falsehood, conjectures: Chidambaram


ED action against Karti insane mixture of falsehood, conjectures: Chidambaram

Stung by Enforcement Directorate attaching assets worth Rs 1.16 crore of his son Karti and the firm allegedly linked to him, former Union finance minister, P.Chidambaram, on Monday alleged that the action was meant to "intimidate me and to silence my voice".

Earlier, on Monday, fomer finance minister termed the allegations of Enforcement Directorate in connection with Aircel-Maxis against his son Karti Chidambaram case as a "crazy mixture of falsehoods and conjectures".

The ED maintains that the Foreign Investment Facilitation Portal (FIPB) approval given in Aircel Maxis case was given by the former Finance Minister P Chidambaram beyond his mandate.

"The allegations in the Press note (ED) are a insane mixture of falsehoods and conjectures".

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"The allegations in the press note are a insane mixture of falsehoods and conjectures". The ED says that FDs worth Rs 90 lakh have been attached.

Chidambaram said that the Enforcement Directorate's allegations are "intended to intimidate me and to silence my voice". Chidambaram as the then FM had granted the FDI approval to Aircel-Maxis on March 13, 2006 even as he was competent only to grant approval to FDIs of up to Rs 600 crore.

The central probe agency added that another Rs 26 lakh fixed deposits in the name of a firm Advantage Strategic Consulting Private Limited (ASCPL) has also been attached under provisions of the anti-money laundering law.This firm is allegedly linked to Karti Chidambaram.

It also found that the company promoted by Karti and P Chidambaram's nephew allegedly received two lakh dollars from Maxis Group in the guise of software consultancy.

Last week, the Central Bureau of Investigation (CBI) had informed the Supreme Court that a llo out notice has been posted against Karti Chidambaram to prevent him from travelling overseas, media reported.

Earlier in February, Dayanidhi Maran and the others accused in the Aircel-Maxis case were discharged by a special CBI court.

"This house was given on rent to a company that was granted FIPB approval by P. Chidambaram".