CBI raids P Chidambaram's and son's residences

The CBI today launched searches at multiple premises linked to former Union Finance Minister P Chidambaram and his son Karti Chidambaram in connection with alleged favours granted in FIPB clearance to a firm. Official sources said in Delhi that the searches were spread across Mumbai, Delhi, Chennai, and Gurugram.The raids are also taking place at the Nungambakkam residence of P Chidambaram in Chennai, a senior police official said in Chennai.Unconfirmed reports said the raids were also on at Karaikudi, the hometown of Chidambaram. The agency has yesterday registered a case regarding Foreign Investment Promotion Board (FIPB) clearance given to INX Media, run by its directors Indrani Mukerjea and Peter Mukerjea.

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