Aircel-Maxis Case: ED Conducts Raids In Kolkata

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Kolkata: The ED on Friday conducted raids in Chennai and Kolkata, including at the premises of a relative of former Finance Minister P Chidambaram, in connection with its money laundering probe in the Aircel-Maxis case, official sources said.

They said four locations in Chennai and two in Kolkata are being searched by the agency sleuths since early morning. The action has also been conducted at the premises of one S Kailasam at Tenaympet in Chennai. Kailasam is the maternal uncle of Karti Chidambaram, the son of the former Finance Minister, the sources said.

The others being searched in the Tamil Nadu capital have been identified as S Sambamoorthy and Ramji Natarajan. Two locations of Manoj Mohanka at Lee road and Lovelock Place are also being raided, they said.

The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by P Chidambaram. The agency had said it is investigating “the circumstances of the said FIPB approval granted by the then finance minister (P Chidambaram)”.