All my businesses are legally compliant, says Karti Chidambaram

Refuting allegations over his involvement in the Airtel-Maxis scam, Karti Chidambaram, the son of former finance minister P. Chidambaram, on Tuesday said all his businesses are legally complaint with regulatory and statutory requirements, adding that they have been made in time and are up to date.

"All my businesses are legally compliant with regulatory and statutory requirements. They have been made in time and are up to date. I do not wish to state anything more than this," Chidambaram told ANI. Proceedings in the Parliament were adjourned today following an uproar by AIADMK members over Karti Chidambaram's alleged involvement in the scam.

Karti has reportedly amassed a huge amount of wealth through his dealings between 2006-2014, when his father P Chidambaram was a cabinet minister in the UPA Government. According to reports, the investigators of the case have found the details of Karti's investments during their probe of the alleged acquisition of telecommunication company Aircel by Malaysian company Maxis.