1. CBI raids on P Chidambaram, Karti over INX Media links: Ex-FM’s son says, ‘All charges are completely bogus and I will stand vindicated one day’

CBI raids on P Chidambaram, Karti over INX Media links: Ex-FM’s son says, ‘All charges are completely bogus and I will stand vindicated one day’

In a late evening development, former finance minister and senior Congress leader's son Karti spoke to mediapersons gathered near his office in Chennai and said, "Nothing of substance, all charges are completely bogus and I will stand vindicated one day."

By: | New Delhi | Updated: May 16, 2017 9:25 PM
Karti Chidambaram, P Chidambaram, raid on Chidambaram, Chidambaram raid, karti Chidambaram raid, P Chidambaram raid, Chidambaram raided Former finance minister and senior Congress leader’s son Karti spoke to mediapersons gathered near his office in Chennai. (Source: ANI)

In a late evening development, former finance minister and senior Congress leader’s son Karti spoke to mediapersons gathered near his office in Chennai and said, “Nothing of substance, all charges are completely bogus and I will stand vindicated one day.” He was reacting to questions posed by mediamen in the wake of the raids carried out by the Central Investigation Agency (CBI) today at their properties to probe the links with INX Media in which a Rs 10 lakh and Rs 3.5 cr financial dealings were under scanner.

Watch what Karti Chidambaram had to say:

Addressing a press conference this evening, CBI Joint Director Vineet Vinayak said the investigation is going on in the matter, reported news agency ANI. “We have set the process of investigation into motion. All people whose involvement comes forth will be probed,” he was quoted saying by the agency. He said the services of Chess Management, owned by Karti Chidambaram was sought by INX Media private Ltd. to seek approval from the AIPB to bring 46.2 percent of its issued equity which amount to Rs. 4.6 crore from three entities which were based in Mauritius. “In the application the company had also mentioned that it would be making 26 percent downstream investment in its company INX news,” he added.

Meanwhile, the senior Congress leader and his son have maintained that these raids are a political vendetta by the government to silence them. “The government, using the CBI and other agencies, is targeting my son and his friends. The government’s aim is to silence my voice and stop me from writing, as it has tried to do in the cases of leaders of Opposition parties, journalists, columnists, NGOs and civil society organizations. All I will say is, I shall continue to speak and write,” Chidambaram said this morning.

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