The ED is investigating the Aircel-Maxis deal under the Prevention of Money Laundering Act in connection with 2G Scam and had issued summons to Karti Chidambaram for his alleged role in the Aircel Maxis Scam. This is the third time, Karti has ignored the summons of ED. Due to his failure to appear in person before ED for questioning, ED is intending to take Karti Chidambaram into custody.
Businessman Karti Chidambaram , son of Former Finance Minister was ordered by ED to submit all the transactions of $2 Lakh payment made to his company Aircel Televentures from Maxis during the Scam period.
The Aircel- Maxis deal is being investigated by CBI and ED which is a part of the investigation of 2G Scam. The probe is related to firms identified as Advantage Strategic Consulting Private Limited and Chess Management Services, where Mr. Karti Chidambaram had been a director, and a few others for alleged violations under the Prevention of Money Laundering Act. The Enforcement Directorate along with the I-T department had conducted search and seizure operations on the business premises of Chess Management Services in Chennai in the presence of Mr. Karti Chidambaram in December 2015.
To elude the Questioning of ED, Karti has unreciprocated to the Summons for three consecutive times. He had also approached the Chennai High Court in August, 2015 to refrain ED from taking any action against him in accordance to their summons. The reasons claimed by him were that the summons was issued to him with the motive of malice. He stated in his plea to the Court that the summons were a part of an attempt to embarrass, humiliate and harass the Chidambaram family.
Last year, ED recovered documents of various investments in Real Estate deals and Financial Deals with related to Karti Chidambaram’s massive Business Empire in 14 countries which are London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain. During P Chidambaram’s Tenure as the Finance Minister and Home Minister under UPA Government between 2006-2014, Karti reportedly received a huge amount of wealth. P Chidambaram, misusing his powers as a Finance Minister allegedly “allowed” certain money transactions to happen because his son Karti had an “interest” in these firms.
Among numerous Scams of UPA regime, 2G Scam alone amounts to Rs 1,70,000 Crore . .The Black Money generated out of all the UPA scams must be some unimaginable infinite number for us, the Common people. No wonder, all the Congressmen including Financial Experts like Chidambaram and Manmohan Singh are profusely opposing Demonetization in a chorus!
While ED investigates Aircel-Maxis case against Son Karti Chidambaram, Dad P Chidambaram is busy answering the tampering of Ishrat Jehan Files and Mom Nalini Chidambaram is answering ED for her alleged link to Saradha Chit Fund Scam. Some reputable household these Chidambarams are!
Jyothi Suparna Chincholi