He was also alleged to have been a part of an ambulance scam in Rajasthan.

Karti Chidambaram takes a dig at Pioneer denies involvement in money laundering
news 2G Scam Tuesday, March 01, 2016 - 15:09

Karti Chidambaram, son of P Chidambaram on Tuesday refuted allegations of any financial wrong-doing in the Aircel-Maxis case through a press release.

His statement read, “One newspaper, which hardly has any circulation, has made allegations against me, which have been adequately refuted in the past. Myself and my business are fully compliant with the laws and regulations.”

Incidentally, on Tuesday, AIADMK members disrupted the Lok Sabha and Rajya Sabha seeking legal action against Karti over alleged money-laundering.

This came after the Pioneer on Saturday published a story with a headline that read “Raids Dig Up Empire of PC’s Son”.

The report said that Indian agencies are “expected to contact their international counterparts to get more details from 14 countries as per the United Nation’s Convention on Prevention of Money Laundering.”   

Karti told the Pioneer, “All my business is completely legal. All filings are up to date. I can't be a money launderer if I have everything on record.”

Karti Chidambaram has been part of many controversies relating to tax disputes and money laundering and the enforcement directorate in the past, with multiple raids conducted on companies owned by him.

His interests include Vasan Eye Care, a popular hospital chain based in the city and Advantage Strategic Limited.

He was alleged to have made large profits during the sale of the telecom company, Aircel, which became known as the Aircel-Maxis deal.

In 2012, it was Subramanian Swamy who had alleged that Karti had misused his father’s position as Finance minister for undue gain.

He was also alleged to have been a part of an ambulance scam in Rajasthan.

 

Become a TNM Member for just Rs 999!
You can also support us with a one-time payment.