Karti has accused the CBI of hatching a conspiracy against him and has alleged that investigation agency was nailing him because of its frustration arising out of its inability to prove anything against him and his father in connection with the matter.
Earlier, the CBI had told the Supreme Court that probe against Karti Chidambaram was at a "very crucial stage" and that it has "discovered" more properties held by him in foreign countries.
According to the CBI charge sheet submitted in a special court, Mauritius-based M/s Global Communication Services Holdings Ltd., a subsidiary of Maxis, had sought approval for an investment of Dollars 800 million in Aircel. The Cabinet Committee on Economic Affairs (CCEA) was competent to grant the approval. The Enforcement Directorate had said that approval for the deal was given when P Chidambaram was the finance minister in 2006.
Mr P. Chidambaram, who was examined by the agency in connection with the case in 2014, had issued a statement this year, saying the FIPB approval was granted in the "normal course of business". He had said the FIPB consists of five secretaries and that they examine the cases and recommend approval or rejection. They "apply the rules/guidelines" and submit each case to the CCEA or the finance minister depending upon the value of the investment, he had added.