Tuesday, 24 April, 2018

ED raids Chidambaram's houses in Delhi, Chennai

ED Raids Karti Chidambaram's Chennai And Delhi Homes, Finds Nothing! ED Raids Karti Chidambaram's Premises In Delhi, Chennai; Congress Alleges Vendetta
Sammy Stanley | 14 January, 2018, 13:50

The raids were conducted in connection with INX media money laundering case filed against Karti Chidambaram by ED in May previous year.

The Congress on Saturday dubbed "vendetta" by the Narendra Modi government the searches conducted by the Enforcement Directorate on multiple premises linked to Karti, the son of former minister P. Chidambaram.

The raids were conducted after Karti refused to appear before the agency for questioning despite repeated summons issued to him in the past few months.

The raids were being carried since early morning, as per the official sources. However, senior ED officials said the CBI FIR had never been quashed and was the reason why they had warrants issued for searches conducted on Saturday.

It was the ED which had provided information about the alleged illegal payments made by INX Media, based on which the Central Bureau of Investigation had filed its FIR.

Chidambaram said ED could not find nothing from his houses and the panchnamas speak for themselves.

Were Analysts Bullish Jupiter Fund Management Plc (LON:JUP) This Week?
The firm has "Sell" rating given on Friday, September 11 by Goodbody. (NASDAQ:PLUS) on Thursday, November 5 with "Buy" rating. Obermeyer Wood Investment Counsel Lllp decreased Bank Amer Corp (BAC) stake by 8.9% reported in 2017Q3 SEC filing.

"They raided three times my Chennai home and got nothing", he said without taking any questions from media. "The ED has no jurisdiction to investigate under PMLA", he said.

"Not surprised by the malicious vendetta being unleashed against senior Congress leaders including P Chidambaram and his son".

The former Union minister said the raids were a reaction to the notices sent out by the Supreme Court, which heard his son's appeal on Friday.

The agency has alleged that Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius. The investigating agency says the FIPB acted beyond its mandate since the investment involved was more than its limit.

Karti allegedly received Rs3.5 crore for facilitating FIPB clearance for INX Media, now 9X Media.

Allegations have also been made by the ED about Karti disposing of a property in Gurgaon, rented out to a multinational company - for which FDI was granted. Chidambaram, as the then FM, had granted the FDI approval to Aircel-Maxis on March 13, 2006 even though he had power only to grant approval to FDIs of up to Rs 600 crore.

Recommended

Mauricio Pochettino backs Harry Kane to break Premier League season goals record Mauricio Pochettino backs Harry Kane to break Premier League season goals record Manuel Lanzini made it 3-1 before scoring his second and the Hammers' fourth in the 61st minute. On Kane, he added: "He's such a talented player, so professional and I'm very happy".

ONGC officers feared among 5 killed in chopper crash off Mumbai coast ONGC officers feared among 5 killed in chopper crash off Mumbai coast The coastguard said that five of its ships, two Dornier aircraft and two helicopters had joined the search. The last contact it established was around 10.30 am, with an air traffic control manned from an oil rig.

USA could 'conceivably' return to Paris climate accord: Donald Trump USA  could 'conceivably' return to Paris climate accord: Donald Trump Solberg's USA visit was hailed as a success in Norway where she was praised for raising issues around climate change and global trade.

On the Streets of Tehran, Iranians Feel Protesters' Pain On the Streets of Tehran, Iranians Feel Protesters' Pain As a member of Congress at the time , Pence said he co-sponsored a resolution that passed almost unanimously in the U.S. This number has risen dramatically after tens of thousands of people joined the protests, which began last week.

West Ham resurgence continues under Moyes as Terriers are hammered West Ham resurgence continues under Moyes as Terriers are hammered West Ham did make it 3-1 soon after as Lanzini raced clear and fired across goal into the bottom corner. Awful, awful goal from Town's perspective on 25 minutes.

US companies urge Congress to help 'Dreamers' US companies urge Congress to help 'Dreamers' Republicans want a bill that deals with these individuals and includes money for building the wall . Dick Durbin and Republican Sen.

Boat With 40 School Children Capsizes In Maharashtra: Updates Boat With 40 School Children Capsizes In Maharashtra: Updates The boat was capsized due to overcrowding and the boat tilted on one side while the children were having fun. The ICG diverted at least three ships and two aircraft to the site to rescue the victims, an official said.

Tunisia plans social reforms after wave of anti-austerity protests Tunisia plans social reforms after wave of anti-austerity protests Tunisian police have arrested 328 people after four nights of anti-austerity protests, Interior Ministry spokesman Col. Prime Minister Youssef Chahed on Wednesday accused the opposition of fueling dissent by calling for more protests.

Search Continues for Missing After Mudslides in California Sometimes, the dispatcher will just have him wait at a truck stop until the road is clear and he's able to travel again, he said. The SDFD California Task Force 8 canine search and rescue mission ready package team was scheduled to depart Wednesday at 3 p.m.

Serena Williams says she had health scare after baby's birth Serena Williams says she had health scare after baby's birth Thankfully, the surgery was successful and a lovely , healthy baby emerged. "That was an awesome feeling", Serena recalled. On the difficulties of motherhood , Williams said, "Sometimes I get really down and feel like, "man, I can't do this".

The Post a timely tale of power of the press The Post a timely tale of power of the press An absolute must watch, I am going with 4/5 for " The Post ". "I think there will be more movies with female protagonists". Steven Spielberg and Tom Hanks tend to capture lightning every time they collaborate and The Post is no exception.

Tottenham will not sell their best players in 2018, confirms Daniel Levy Tottenham will not sell their best players in 2018, confirms Daniel Levy Tottenham's last trophy was the League Cup in 2008. "I hope, with having luck with injuries, he will break every record". Typically, Levy gets his way in any transfer situation. "It is more professional than 30 or 40 years ago".

Man Kills His Mother After Blaming Her For Broken Video Gaming Headset Man Kills His Mother After Blaming Her For Broken Video Gaming Headset His mother, 68-year-old Lydia Nicholson, had entered to check on him after hearing him yelling while playing his game. During the dispute, Matthew broke his gaming headset and blamed her, threatening to kill her and his father.

Education Realty Trust, Inc. (NYSE:EDR) Slips -1.19% For the Week It improved, as 59 investors sold MS shares while 292 reduced holdings. 41 funds opened positions while 110 raised stakes. Stifel Nicolaus began coverage on shares of Federal Realty Investment Trust in a report on Thursday, November 30th.

Man in custody for murder of Penn student Blaze Bernstein in California Man in custody for murder of Penn student Blaze Bernstein in California Woodward said he then drove away, but returned a few hours to look for Blaze in and around the area, but couldn't locate him. An affidavit described detectives' interview with Woodward, who drove Bernstein to the park the last time he was seen alive.