My son didn't influence FIPB decision: Chidambaram

Image
IANS New Delhi
Last Updated : May 29 2017 | 3:57 PM IST

Former Finance Minister P. Chidambaram on Monday said his son Karti Chidambaram, against whom the CBI and ED have filed cases, never met any official connected with the Foreign Investment Promotion Board (FIPB) nor did he influence the board by corrupt or illegal means.

"Anyone who has worked with me knows that no one would have dared to influence my decisions. I had never allowed any family member to speak to me or to any officer of my ministry on any official matter," he said in a statement.

"It is therefore preposterous to suggest that a member of my family, with or without my knowledge, influenced, by corrupt or illegal means, the six Secretaries who constituted the FIPB. Such an allegation is a despicable slur on the six Secretaries of the government who constituted the FIPB at the relevant time."

He said as far as the FIPB cases were concerned, he approved only those cases that were recommended by the FIPB and put up to me by the Secretary, Economic Affairs.

The CBI on May 16 raided the residences Chidambaram in Chennai, Delhi and other places alleging his son could have benefited to the tune of Rs 3.5 crore for helping in the clearance of an FIPB proposal of media company INX Ltd when his father was the minister.

--IANS

vsc-am/mr

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2017 | 3:44 PM IST

Next Story