The agency has taken cognisance of the CBI FIR in this regard to register its case under the Prevention of Money Laundering Act (PMLA) and has named Karthi Chidmabaram and Ravi Krishna, sons of senior Congress leaders and former Union ministers P Chidambaram and Vayalar Ravi respectively.
The case dates back to July last year after BJP government came in power in the state.
The ED, taking cognisance of these facts, suspects that the kickbacks paid in this scam were laundered by some people and used to acquire tainted assets.
"The ED probe will identify the beneficiaries of tainted assets," they said, adding summonses are being issued to the accused.
Pilot, the state PCC President, has earlier called the CBI action a "meek, vendetta-driven malicious prosecution" while Gehlot too termed it a politically motivated action.
Pilot had said he had resigned from the company in late 2002 or early 2003 (before he became MP) when it decided to become a "for profit" company from the "non-profit" venture as he was associated with it only for social cause.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
