Govt wants to silence me, says Chidambaram in connection with CBI raids



In connection with a case regarding Foreign Investment Promotion Board (FIPB) clearance given to a company, The Central Bureau of Investigation (CBI) on May 16 conducted raids at former finance minister P Chidambaram’s multiple premises of Chidambaram and his son Karti. At least 14 locations in his hometown Chennai were searched by the CBI.

While denying all charges of criminal misconduct in the grant of Foreign Investment Promotion Board (FIPB) approval, Chidambaram said, “The government, using the CBI and other agencies, is targeting my son and his friends. The government’s aim is to silence my voice and stop me from writing, as it has tried to do in the cases of leaders of Opposition parties, journalists, columnists, NGOs and civil society organizations.”

“Every case was processed according to law and approval was granted or refused in accordance with the recommendations of the FIBP consisting of five secretaries to the government of India,” he asserted.

The charges against Karti is that in 2008 his company Advantage Strategic Consulting Private Limited had facilitated clearances to INX Media for kickbacks.

Enforcement Directorate had also issued a showcause notice to Karti and his firm Advance Strategic Consulting Private Limited for violations of the Foreign Exchange Management Act (FEMA) laws.

“A show cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P Chidambaram who appears to be the controller and ultimate beneficiary in these transactions,” the Enforcement Directorate (ED) had said in a statement.

Both father and son are also being investigated on a money laundering charge in the Aircel-Maxis case.

Chidambaram had repeatedly clarified that Karti was “never a shareholder or a director” of any of the involved the companies.  He also accused the ED of making wild allegations against his son.