CBI raids P Chidambaram’s house The plight of senior Congress leader and former Union Minister P. Chidambaram has once again increased. The Central Bureau of Investigation (CBI) in the case of illegal transactions and disproportionate assets conducted simultaneous raids at 11 places in P. Chidambaram around 6 am today. The CBI proceedings were ongoing till the report was lodged. According to reports, raids have been carried out in about 11 places of former Union Minister P Chidambaram in Delhi, Chennai and other cities. Congress leader P Chidambaram tweeted and wrote, “CBI team searches my residence in Chennai and my official residence in Delhi. The team showed me an FIR in which my name was not named as accused. The team that arrived did not find anything and did not seize anything.

Significantly, Karti Chidambaram is facing a financial agency probe into criminal cases involving the approval of the Foreign Investment Promotion Board (FIPB) to obtain foreign funds worth Rs 305 crore from Aircel-Maxis Dell and INX Media. According to investigative agencies, the foreign fund was raised by Karti Chidambaram’s father P. Chidambaram when he was Union Finance Minister in the Manmohan Singh government.

The CBI had registered an FIR against INX Media on May 15, 2017. INX Media Group is alleged to have received foreign funds of Rs 305 crore through various irregularities in the approval of Foreign Investment Promotion Board (FIPB) in 2007. P Chidambaram was the finance minister when the company was allowed to attract foreign investment.