ED raids P Chidambaram and Karti Chidambaram’s house in Delhi in Aircel Maxis case!

The Enforcement Directorate has once again raided the houses of P Chidambaram, the ex-finance minister and his son Karti Chidambaram in the Aircel Maxis case. The ED arrived at their Delhi residence early morning and seized many documents related to deals in Aircel Maxis scam. According to ED reports, 4 houses in Chennai and one house in Delhi have been raided.

P Chidambaram and Karti Chidambaram have been accused of siphoning huge amount of money in the Aircel Maxis deal during the Congress government and when P Chidambaram was the Finance Minister. It is said that Chidambaram had misused his position and struck many deals in Aircel Maxis for which he got huge amount of kickbacks.

Dr Subramanian Swamy had filed case against P Chidambaram and Karti Chidambaram in the Supreme Court after which the court directed the ED to investigate the matter. He also submitted the proof to the Supreme Court which indicated Primafacie evidence against the two.

According to the complaint, the Aircel company owned by C Sivasankaran which was providing 2G services was forced to be sold to a Malaysian company called Maxis owned by Ananda Krishnan, a Malaysian citizen claiming all 100% stake. No company can sell an Indian company to a foreign authority giving 100% share which violates the FDI norms of the Government of India.
This deal was done by then telecom minister Dayanidhi Maran on the orders of P Chidambaram. Maxis in return allegedly made investments worth 600 crore in Maran family owned Sun TV in 2007. Swamy alleged that “P Chidambaram ensured that the Foreign Investment Promotion Board clearance (FIPB) on Aircel- Maxis deal would be cleared, only if his son Karti P Chidambaram-controlled company gets share in Sivakumar’s Aircel Televenture Ltd to share the booty from Maxis.”

It is said that the money got by this deal to Chidambaram and Karti Chidambaram is said to have been siphoned into various foreign bank accounts which are directly or indirectly controlled by Karti Chidambaram. The benami bank accounts are said to be in Barclays Bank in Monaco, Metro Bank in UK, Standard Chartered Bank in Singapore, OCBC in Singapore, HSBC in UK, Deutsche Bank in France, UBS in Switzerland, Wells Fargo Bank in California etc.

Dr Swamy had also alleged that “ Karti Chidambaram’s company Advantage Strategic Consulting, involved in receiving kickbacks in Aircel-Maxis scam is having four accounts in a Bank in Singapore, namely OCBC for many years. Enforcement Directorate (ED) has already found that Karti’s company Chess Management received two lakh dollars from three Maxis Group subsidiaries after father Chidambaram illegally approved FIPB clearance.” Dr Swamy said a total amount of 6 Lakh crore was lost due to Aircel-Maxis scam which was bigger than the 2G scam.

Six Lakh crore loss to Nation! Massive four times bigger scam than 2G, No Media reporting this !

The raids happened after Karti Chidambaram failed to appear before the ED for inquiry despite summoning him many times, after which the ED conducted raids in many houses in Chennai and Delhi. However the ED has not revealed any information about the documents seized.

Aishwarya S