HomeNewsTrendsCurrent AffairsED and IT department raid firms linked to Karti Chidambaram
Trending Topics

ED and IT department raid firms linked to Karti Chidambaram

The raids were conducted by the agencies on Vasan Eye Care and Advantage Strategic, a company that is also involved in the Aircel-Maxis deal.

December 01, 2015 / 14:42 IST
Story continues below Advertisement

The Enforcement Directorate and Income Tax department on Tuesday raided firms linked to former Union Minister P Chidambaram's son Karti Chidambaram in Chennai.

The raids were conducted by the agencies on Vasan Eye Care and Advantage Strategic, a company that is also involved in the Aircel-Maxis deal.Searches were conducted mainly in Chennai as part of a joint operation by the Enforcement Directorate and the Income Tax department.

Story continues below Advertisement

In August, the Enforcement Directorate had summoned two directors from Karti Chidambaram's company in connection with Aircel Maxis scam.

ED was probing the financial transaction between Karti and Aircel just before the company was given approval from the Foreign Investment Promotion Board.

first published: Dec 1, 2015 02:42 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!