Political motive behind summons to Karti, says P Chidambaram

The affidavit filed before Justice B Rajendran, stated that during the hearing on November 25, ED’s prosecutor had observed that the investigation against his son was about the approval granted by the Foreign Investment Promotion Board (FIPB), while the probe on the approval was a done matter, with the CBI filing a charge sheet and submitting status reports to the SC. Also, on noting that the charge sheet in the Aircel-Maxis case was filed on August 28, 2014 and that the CBI had not found any offence pertaining to the said FIPB approval, Chidambaram said “Hence, no scheduled offences exists, proceeds of crime do not exists and thus the ED absolutely lacks jurisdiction under the Prevention of Money Laundering Act to proceed further.” As per ED, the summons pertain to further probe relating to FIPB approval, given when Chidambaram was Finance Minister in 2006.