ED raids Karti's premises, Chidambaram says agency has no jurisdiction

Karti Chidambaram DH file

The Enforcement Directorate (ED) conducted raids today at multiple houses associated to Karti Chidambaram in connection with its money laundering investigation in the Airtel-Maxis case, who's the son of Congress leader P Chidambaram.

ED officials, however, told News18 that the Jor Bagh property in Delhi is jointly owned by Chidambaram and Karti.

"They (ED officials) searched and found nothing but since they had to justify themselves they took papers of a statement made by government in the Parliament, few years back".

Five properties belonging to the family, including the ones in Chennai, Delhi and Karaikudi, were subjected to the sudden search operations by the CBI and ED. "The raid concluded at 10:45 am", Karti's lawyer Arun Natrajan told media in Chennai.

The raids were initiated early morning in nine premises in Chennai and at the Jorbagh residence of senior Chidambaram in south Delhi, official sources said.

"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".

Walmart to close Sam's Club stores
How many jobs will be lost? But I'd be willing to bet that many others will simply find themselves out of work. Walmart is suddenly closing several Sam's Club stores across the United States without explanation.

"They found nothing in the Chennai searches".

Accordingly, this excess foreign exchange equivalent to Rs 3,004.40 million, beyond the disclosed permitted foreign investment, was received by INX Media from three Mauritius-based investors, said the ED.

The ED is investigating the circumstances in which the deal was granted an approval by the Foreign Investment Promotion Board (FIPB) in 2006 by the then finance minister P Chidambaram. ED had also carried out raids in the premises of Karti's relatives and others on December 1, 2017.

The law enforcement agency, in its investigation, also found that the amount for FIPB approval was wrongly projected to hide the facts.

He also added that Prime Minister Modi and his government use ED and the Central Bureau of Investigation (CBI) as "captive puppies".

Related:

  • From Trump to Time's Up, what stars said at the Golden Globes

    From Trump to Time's Up, what stars said at the Golden Globes

    Why?" "Oprah cometh", tweeted actress Amber Tamblyn, while musician Pharrell Williams called her the greatest of all time . We break down what's behind the polar temperatures that gripped the east coast over the weekend and the upcoming warm-up.
    Federal Judge Dismisses Voter ID Lawsuit

    Federal Judge Dismisses Voter ID Lawsuit

    They argue Alabama politicians knew when they enacted the law that it disproportionately affected black and Latino voters. Black, Hispanic, and white voters are equally able to sign a voter registration form or registration form update.
    Voluntary recall on frozen biscuits sold in SC due to health risk

    Voluntary recall on frozen biscuits sold in SC due to health risk

    Customers or consumers with questions may call Hom/Ade Foods Inc.at 1-855-562-7773, Monday to Friday, between 8 a.m. and 5 p.m. A popular frozen food company is pulling biscuits from the shelves in almost two dozen states, including Pennsylvania.
  • GameStop Corp. (GME) Stake Boosted by Point72 Asset Management LP

    The rating was maintained by Guggenheim on Friday, August 11 with "Buy". (NYSE: GME ) on Tuesday, August 22 with "Buy" rating. Baird reissued a "buy" rating and issued a $23.00 target price on shares of GameStop in a report on Wednesday, November 22nd.

    Analysts Expect ConocoPhillips (COP) Will Announce Earnings of $0.41 Per Share

    It turned negative, as 44 investors sold MAR shares while 224 reduced holdings. 80 funds opened positions while 206 raised stakes. The rating was maintained by Benchmark on Tuesday, August 8 with "Buy". ( NASDAQ:AAPL ), 40 have Buy rating, 1 Sell and 11 Hold.

    Lakmal appointed as Sri Lanka's vice-captain in Tests

    Sri Lanka will begin their journey in Bangladesh with the tri-series followed by the first Test at Chittagong from January 31. There are notable omissions as well with pacemen Nuwan Pradeep, Vishwa Fernando and all-rounder Dasun Shanaka, being left out.
  • Bruised heel forces Steyn out of Test and series

    Bruised heel forces Steyn out of Test and series

    Ngidi‚ just 21‚ has played only nine first-class matches but has already claimed three five-wicket hauls among his 31 scalps. By the end of the day's play, South Africa had scored 65 runs in 20 overs for two wickets in their second innings.
    Oil prices high on expectations of U.S.  inventory drains

    Oil prices high on expectations of U.S. inventory drains

    India imported around 4.2 million barrels per day (bpd) of crude in 2017, according to trade flow data in Thomson Reuters Eikon. But the US refining sector is running near capacity, turning oil into a growing supply of gasoline, diesel and heating oil.

    Rep. Jim Renacci defends President Trump's reported remarks about immigrants

    We must make things different. "I'm not getting into the Senate race", Kasich said, later adding, "I don't agree with him ... I got to tell you". "Remember people in OH , blue collar union people, said 'I want President Trump, '" said Renacci.
  • Clinton Rape Accuser Slams Oprah Winfrey's Golden Globes Speech: 'Remember This'

    Clinton Rape Accuser Slams Oprah Winfrey's Golden Globes Speech: 'Remember This'

    But the longtime media proprietor, talk show host and actress has not indicated she would seek the presidency. The morning after the Golden Globes , Stelter frequently speculated about Winfrey running for president.
    Maryland lawmakers, Mayor Pugh condemn Trump's comments on immigrants

    Maryland lawmakers, Mayor Pugh condemn Trump's comments on immigrants

    Even war-torn South Sudan weighed in, with President Salva Kiir's spokesman Ateny Wek Ateny slamming the comments as "outrageous". On Thursday , Trump reportedly questioned why the USA would accept more immigrants from Haiti and "s***hole countries" in Africa.

    Timothy Archer Sells 28580 Shares of Lam Research Corporation (LRCX) Stock

    Moreover, Tiaa Cref Invest Limited Liability has 0.23% invested in Lam Research Corporation (NASDAQ:LRCX) for 1.79 million shares. Moreover, Teacher Retirement Systems Of Texas has 0.23% invested in Lam Research Corporation (NASDAQ:LRCX) for 202,106 shares.

Comments

Latest news

Arsene Wenger has hope Mesut Ozil will stay, but not Alexis Sanchez
Arsene Wenger has spoken out about the various transfer rumors surrounding Arsenal star, including a move to Manchester United . United are willing to pay Arsenal more money than City and also Henrikh Mkhitaryan in order to get him to Old Trafford .

The Hype Behind Allscripts Healthcare Solutions, Inc. (MDRX), Ring Energy, Inc. (REI)
Victory Capital Management Inc. increased its stake in shares of Allscripts Healthcare Solutions by 6.8% during the 2nd quarter. The firm has a market capitalization of $2,770.00, a price-to-earnings ratio of -13.09, a PEG ratio of 2.14 and a beta of 1.32.

Dark Souls Remastered is on its way - PC, PS4, Xbox, Switch
The Nintendo Switch will run at 1080p on TV mode and 720p while in handheld mode, but it will be locked at 30 fps for both modes. Up to six players can join each other online to either play cooperatively or competitively throughout the quest.

EPS for TransDigm Group Incorporated (TDG) Expected At $2.61
The institutional investor owned 82,582 shares of the aerospace company's stock after selling 7,295 shares during the period. In related news, Director Michael Graff sold 3,928 shares of the stock in a transaction dated Monday, November 21st.

Haitian-Americans in South Florida outraged by president's alleged remark
The two men said they "do not recall the President saying those comments specifically" but also didn't deny he said them. Already past year , some Democrats had warned against negotiating with Trump, specifically on immigration.

EPS for LPL Financial Holdings Inc. (LPLA) Expected At $0.41
Ameriprise Financial Inc. purchased a new position in LPL Financial during the second quarter valued at approximately $1,273,000. The rating was upgraded by Compass Point on Wednesday, September 14 to "Buy". (NYSE:AAT) on Monday, July 18 to "Neutral" rating.

Ice Skater Admits to Knowing About Kerrigan Attack — Tonya Harding Interview
Jack Smith, AP Nancy Kerrigan and Tonya Harding at the center of media attention during trainng at Lillehammer, Norway. Vincent Almavy, AFP U.S. figure skater Tonya Harding reads from a prepared text during a press conference.

Korea in promoting inter-Korean dialogue, exchanges
South Korean president Moon Jae-in is open to meeting with North Korean leader Kim Jong-un if certain conditions are met. He said a certain level of success must be guaranteed.

Rafael Nadal, Simona Halep announced top seeds for Australian Open
Federer , who is present at Thursday's draw, will open his title defence against Slovenian world No 51 Aljaz Bedene . Nadal will be the top seed, ahead of Roger Federer and young guns Grigor Dimitrov and Alexander Zverev .

Cetera Advisor Networks LLC Has $658000 Position in American Water Works (AWK)
The stock of Mack-Cali Realty Corporation (NYSE:CLI) has "Buy" rating given on Monday, November 2 by Stifel Nicolaus. American Water Works comprises 3.3% of Chelsea Counsel Co.'s holdings, making the stock its 9th largest position.

Trump Uses 'No Collusion' Seven Times in One Answer
There was no collusion , everybody including the Dems knows there was no collusion , & yet on and on it goes. Trump himself has previously indicated he would be willing to talk to Mueller.

John Fogerty takes aim at 'Proud Mary' for using his song title
The movie poster has my lyrics changed to read.... "Far from a story about killing people for money", Fogerty wrote. The song went to number 2 in the USA (#1 in Record World magazine) and 8 in the United Kingdom .

How well is this stock performing?: Concho Resources Inc. (NYSE:CXO)
Concho Resources Inc ( CXO ) now has a 50-day moving average of 143.81, the 200-day is at 129.62, and the 7-day is 155.03. It dropped, as 91 investors sold MO shares while 516 reduced holdings. 59 funds opened positions while 125 raised stakes.

AFC Divisional Playoffs: Three things to watch in Jaguars-Steelers
The team that protects the ball better and the team that can capitalize on turnovers has an inside track to the AFC Championship. Roethlisberger will need to be in rare form, eluding the Jags aggressive pass rush and delivering accurate passes to his weapons.

Hundreds crowd Fairbanks Sam's Club as store reopens for final days
Walmart on Thursday promised full-time hourly US employees 10 weeks of paid maternity leave and six weeks of paid parental leave. Target had raised its minimum hourly wage to $11 in October, and said it would raise wages to $15 by the end of 2020.

Other news