{"id":29810,"date":"2017-05-16T09:29:34","date_gmt":"2017-05-16T09:29:34","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=29810"},"modified":"2017-05-16T09:29:34","modified_gmt":"2017-05-16T09:29:34","slug":"homes-indian-ex-finance-minister-son-searched-criminal-probe","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/world-news\/homes-indian-ex-finance-minister-son-searched-criminal-probe.html","title":{"rendered":"Homes of Indian ex-finance minister, son searched in criminal probe"},"content":{"rendered":"

\n\tHomes of Indian ex-finance minister, son searched in criminal probe<\/span><\/span><\/strong><\/span>
\n<\/h2>\n

\n\tHomes of Indian ex-finance minister, son searched in criminal probe:- India's Central Bureau of Investigation (CBI) searched the homes of former finance minister P. Chidambaram and his son on Tuesday, in a probe into suspected criminal misconduct related to approvals of investment deals.<\/span><\/span><\/span>\n<\/p>\n

\n\tThe dawn raids marked an escalation in pressure by federal investigators against Chidambaram, a senior leader of the opposition Congress party who has been a vocal critic of Prime Minister Narendra Modi.<\/span><\/span><\/span>\n<\/p>\n

\n\tThe CBI, India's main federal crime-fighting agency, conducted searches at locations in the cities of Mumbai, Delhi, Gurugram and Chennai, including the residence of Chidambaram's son Karti there.<\/span><\/span><\/span>\n<\/p>\n

\n\tThe raids were "in connection with criminal misconduct" in granting approval for foreign investment deals, a CBI spokesman said without giving further details.<\/span><\/span><\/span>\n<\/p>\n

\n\tChidambaram denied wrongdoing. He said all investment approvals granted during his tenure were above board.<\/span><\/span><\/span>\n<\/p>\n

\n\t"The government, using the CBI and other agencies, is targeting my son and his friends," he said in a statement.<\/span><\/span><\/span>\n<\/p>\n

\n\t"The government's aim is to silence my voice and stop me from writing," said Chidambaram, who writes a weekly column for the Indian Express. "All I will say is, I shall continue to speak and write."<\/span><\/span><\/span>\n<\/p>\n

\n\tA veteran lawmaker of Modi's right-wing ruling party, which defeated the Congress by a landslide in 2014, said the raids were linked to litigation he has brought over the approval of a 2006 telecoms deal he alleges was corrupt.<\/span><\/span><\/span>\n<\/p>\n

\n\t"The raids have to take place to get documents and incriminating evidence which they have kept," Subramanian Swamy told television news agency ANI, an affiliate of Reuters.<\/span><\/span><\/span>\n<\/p>\n

\n\t"The whole country will come to know that this is the most corrupt party in the world," he said.<\/span><\/span><\/span>\n<\/p>\n

\n\tREPEATED ATTACKS<\/span><\/span><\/span>\n<\/p>\n

\n\tChidambaram, 71, served twice as finance minister in the Congress-led coalition that ran India for a decade – from 2004-08 and then from 2012 until the party's election defeat at the hands of Modi's Bharatiya Janata Party (BJP) in May 2014.<\/span><\/span><\/span>\n<\/p>\n

\n\tHe has been the target of repeated attacks by Swamy, who has also brought a case against Congress party leader Sonia Gandhi and her son Rahul, accusing them of criminal misappropriation of funds from a party newspaper.<\/span><\/span><\/span>\n<\/p>\n

\n\tBoth deny any wrongdoing.<\/span><\/span><\/span>\n<\/p>\n

\n\tIn 2006, the Foreign Investment Promotion Board (FIPB) approved the acquisition of 100 percent of Indian telecom firm Aircel by Malaysia's Maxis, a deal that has spawned a series of legal battles.<\/span><\/span><\/span>\n<\/p>\n

\n\tBJP spokesman GVL Narasimha Rao alleged that approval for the Aircel-Maxi transaction was awarded by the FIPB – a government panel – in return for favors.<\/span><\/span><\/span>\n<\/p>\n

\n\t"This is not a political case," Rao told Republic TV. "From whatever facts that have emerged so far this is a case of money laundering."<\/span><\/span><\/span>\n<\/p>\n

\n\tChidambaram said in his statement that neither he nor FIPB officials were suspected of wrongdoing.<\/span><\/span><\/span>\n<\/p>\n

\n\t"There is no allegation against any of them. There is no allegation against me," he said.<\/span><\/span><\/span>\n<\/p>\n

\n\t"Every case was processed according to law and approval was granted or refused in accordance with the recommendations of the FIPB," he said.<\/span><\/span><\/span>\n<\/p>\n

\n\tSource:- http:\/\/www.reuters.com\/article\/us-india-raids-idUSKCN18C0D4<\/span><\/span><\/span><\/p>\n

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