Former Finance Minister and Congress Leader P Chidambaram’s house was raided this morning by the CBI. The reason for the raids are not yet been made public.
Chidambaram stays in Nungabakkam,Chennai close to the passport office in a palatial bungalow which is protected with electric fences over the compound wall. His name was in many places for all the wrong reasons involving either him or his son Karti Chidambaram who was in news recently for his alleged involvement in a money laundering case in the Vasan Healthcare group investment which he denied.
Chidambaram’s name surfaced in Aircel-Maxis deal where the then owner of Aircel, Shivashankar was coerced to sell his company to the Malaysian head quartered Maxis whose owners were also issued summons by the Indian Government. The deal was a dampener in Chidambaram’s illusive political history and from being called Mr.Clean few years back, his image came down to shatters.
More news on exactly why PC’s house has been raided will be updated later(once the news is available with us).