Police personnel were posted at the Nungambakkam residence of P Chidambaram following an ED raid.
The raids, in connection with the money laundering investigation in the Aircel-Maxis money laundering case against Karti Chidambaram, were termed as "a comedy of errors" by the former finance minister as the officers, he claimed, were "embarrassed" and "apologetic" as they could not find anything.
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.
Chidambaram arrives to address a news conference after the ED raids at his Delhi residence.
"Since they had the search warrant, I did not raise any objections to the search but I said I will record my protest that there is no FIR in respect of the scheduled crime registered by any investigating agency including the CBI". The report said that the CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas to scuttle a tax probe.
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Chidambaram issued a statement saying: "This morning the ED searched my residence in Delhi as well as my family's residence in Chennai".
The ED had registered a money laundering case against the former Finance Minister's son in May 2017. The premises of Karti Chidambaram's chartered accountant and his personal assistants were also searched in Chennai. He also said this was not an enquiry but just a raid, and kept emphasising that nothing was found or seized. They have taken some loose papers about Government's position in Parliament on the subject (Aircel-Maxis scam) in 2012 or 2013. Both cases related to the illegal FIPB approvals given by Chidambaram as Finance Minister.
After the raids on Saturday, P Chidambaram said the agency raided their house in Delhi "in a comedy of errors", thinking Karti Chidambaram lived there.
Following the FIPB clearance, the INX Media said it had received foreign direct investment (FDI) of Rs4.62 crore, but actually received Rs305.36 crore between August 2007 and May 2008, the ED said.
It was alleged that Karti received Rs 3.5 crore for assisting INX media in getting FIPB approval. Hence, CCEA was competent to grant approval.