Aircel-Maxis case: ED conducts raids in Chennai, Kolkata

The Enforcement Directorate is conducting searches at six places in Chennai and Kolkata in connection with the investigation into FIPB approval in Aircel-Maxis case.

"The searches are being carried out on the premises of four persons," said an official.

The Directorate had earlier this year attached assets worth Rs.1.16 crore of former Finance Minister P. Chidambaram’s son Karti Chidambaram and a company, in the same case.

The move had drawn a sharp reaction from



former Finance Minister P. Chidambaram, who said: “I will not be intimidated. As and when the attachment order is served, suitable action will be taken in accordance with law.”

Refuting any role, Mr. Karti has earlier said that the court has already discharged the accused persons and quashed the charge sheet in the case.

However, the Directorate said Mr. Karti was not part of the charge sheet that was quashed and that the CBI and the ED FIRs on the Aircel-Maxis deal were still alive.