Chennai: The Enforcement Directorate (ED) on Wednesday raided the office of Chess Global Advisory Services Private Limited in Chennai which reportedly belongs to Karti Chidambaram, son of former finance minister and senior Congress leader P Chidambaram.
Sources said the raid was conducted in connection with the foreign exchange violations by Advantage Strategic Consulting (P) Ltd and Vasan Healthcare - companies with which Karti was reportedly associated earlier. The sleuths are trying to unearth whether these two companies are having any link with the Chess Global Advisory Services Private Limited or not in terms of foreign exchange violations.
A large number of documents and files including a laptop were seized from the office. It is also learnt that Karti was present at the time of the raid.
"Neither I nor any of my family members have any connections with the said firms. There was no basis for them (ED) to visit my office and make enquiry," Karti told a section of media houses.
Later, Karti issued a statement on the raids. "I made it clear to the officers what I had publically stated earlier. Neither I nor any member of my family is a shareholder or director of any of the said firms. We do not have any economic interest in the said firms. As can be expected when false allegations are made, nothing relating to the said firms was found in my office. Nothing relating to the said firms was taken from my office," said Karti
"A far as I am concerned, I maintained that there was, and is, no basis for them to have visited my office or to make any enquiries," he said.
Chess Global Advisory Services Private Limited is a 12-year-old consulting company. It is mainly engaged in healthcare consulting.
In August, 2015, directors of Advantage Strategic Consulting (P) Limited had been summoned by the ED in connection with the Aircel-Maxis case and charges of money laundering of Rs 200 crore.
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