The Central Bureau of Investigation (CBI) is carrying out raids at the residences of former Union minister P Chidambaram and his son Karti Chidambaram in Chennai.
According to sources, the raids began early morning.
More details are awaited.
In April this year, the Enforcement Directorate (ED) had issued a show-cause notice to Karti Chidambaram and a firm purportedly linked to him for alleged violations of the FEMA laws to the tune of Rs 45 crore.
The agency also issued a similar notice, after over two years of investigations, to another firm M/s Vasan Health Care Private Limited, which is based in Chennai, for alleged forex violations of Rs 2,262 crore.
CBI raid at former union minister P Chidambaram’s residence in Chennai pic.twitter.com/1oGxTjVDXF
— ANI (@ANI_news) May 16, 2017