After the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) issued a lookout notice against former Finance Minister P Chidambaram's son Karthi Chidambaram, he has now reportedly approached the Madras High Court, reported ANI on Friday morning. The petition was heard in the Madras High Court today and the matter has been adjourned to Monday. Meanwhile, Times Now reported that the lookout notice was issued against Karthi Chidambaram a few days back for not appearing for hearing in the IMX case but came to light today after the petition was heard in the Madras High Court. When Karthi was approached on the matter, he neither confirmed it nor declined. Trouble started for former Union Finance minister P Chidambaram and his son Karti as CBI officials on May 16 conducted searches in Tamil Nadu as well as other states in connection with the alleged favours granted in FIPB clearance to a firm, according to PTI. Official sources told the agency that the raids were carried out in Mumbai, Delhi, Chennai, and Gurugram. Lookout notice issued against Karti Chidambaram. #WATCH report pic.twitter.com\/KEx091p55s \u2014 TIMES NOW (@TimesNow) August 4, 2017 These raids were conducted just one day after the CBI registered a case regarding 2007 FIPB clearance given to INX Media, run by Indrani Mukerjea and Peter Mukerjea. The firm allegedly received favours when Chidambaram was the Finance Minister. Back then, the CBI had registered the case against INX Media through its director Indrani Mukerjea, Peter Mukerjea, Karti Chidambaram, Chess Management Services (a company of Karti), Advantage Strategic Consulting Limited through its Director Padma Vishwanathan. The raids were carried out a day after the CBI registered a case regarding 2007 FIPB clearance given to INX Media, run by Indrani Mukerjea and Peter Mukerjea. The charged levelled by the probe agency against the accused include criminal conspiracy, cheating and taking gratification by corrupt or illegal means to influence public servant and criminal misconduct. Karti is also facing alleged money laundering charges in connection with the Aircel-Maxis deal. His offices were raided in past as well.