CBI conducts searches at Karti Chidambaram’s residence

The Central Bureau of Investigation (CBI) on Tuesday carried out raids at several locations in Mumbai, Delhi, Gurugram and Chennai, including the residence of Karti Chidambaram, in connection with alleged criminal misconduct in grant of Foreign Investment Promotion Board (FIPB) approval to a private firm during the UPA regime.

While the CBI did not make it clear whether a separate case has been registered, the agency sources confirmed the searches at Mumbai, Delhi, Gurugram and Chennai
“The searches are related to alleged criminal misconduct in the grant of FIPB approval for investment in a private firm,” said a CBI official.