Officials of the Enforcement Directorate and Income Tax department on Tuesday conducted searches on "some places" of business associates connected with Congress leader Karti Chidambaram, son of former Finance Minister P. Chidambaram.
“Some searches are happening at this point of time”, a senior Income Tax investigation department official told PTI .
Sources said three premises were searched by the officials and “certain companies”, including a private eye care chain in which Karti Chidambaram allegedly had a stake, were being searched by the two agencies.
They said while the I-T dept. had undertaken the action on charges of suspected tax evasion by these firms, the ED was a part of the searches in connection with their investigation under the provisions of the Foreign Exchange Management Act (FEMA).
Karti Chidambaram was not available for comment.
‘Prepared to face this’
Reacting to the developments, P. Chidambaram said, “My family and I are quite prepared to face the malicious onslaught launched by government.”
“If govt wants to target me, it should do so directly,” he added.
