P. Chidambaram

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P. Chidambaram
P.Chidambaram in a press conference.jpg
Member of Parliament, Rajya Sabha
Assumed office
10 June 2022

The Voluntary Disclosure of Income Scheme (VDIS) 1997, which he announced when he was Finance Minister with the United Front government, was condemned by the Controller and Auditor General of India as abusive because of the loopholes that made it possible to fudge data to the financial advantage of the confessor. [33]

Chidambaram was criticised for his ministry's failure to prevent the 2011 Mumbai bombings, despite massive investments in security following the 2008 Mumbai attacks. Three years after the 2008 attacks, security preparations were proven to be inadequate with channel breakdown and failures in modernising, procuring, and installing security equipment. [34] Chidambaram defended the agencies under his ministry against the charge of intelligence failure with the response which was later ridiculed by many people in India and its media:

Having no intelligence in this case, however, does not mean that there was a failure on part of the intelligence agencies. [35] There has been no intelligence failure. There was no intelligence warning about 13/7. [36]

Tamil Nadu Chief Minister Jayaram Jayalalithaa wrote to the Chief Election Commissioner in 2011 that data entry operators at Sivaganga had transferred 3,400 votes polled by Kannappan from 11 polling stations in Chidambaram's favour. News reports suggest that on May 16, 2009, the AIADMK candidate Raja Kannappan was declared elected by 3555 votes at 12.30 pm, and the news was also broadcast on television. But in a dramatic reversal a few hours later, P Chidambaram was declared elected by 3354 votes at 4.30 pm, and was confirmed as the winner after a recount at 8.30 pm. [37]

On 7 April 2009, Chidambaram was assaulted by Sikh journalist Jarnail Singh during a press conference in Delhi on the issue of a "clean chit" to Jagdish Tytler. Singh, who writes for the Hindi daily newspaper Dainik Jagaran was dissatisfied with Chidamabaram's answer to a question on the Central Bureau of Investigation's (CBI) "clean chit" regarding Jagdish Tytler's involvement in the 1984 anti-Sikh riots. It was the first shoe throwing incident in India. [38] [39]

Chidambaram was part of Vedanta's legal team and on its board before becoming finance minister in 2004 [42]. [40] In 2002, a year before UK's Financial Services Authority allowed Sterlite to reconstitute itself as Vedanta Resources Plc, the Enforcement Directorate (ED) served a show-cause notice on three of Chairman Anil Agarwal's family. The notice was a demand that Sterlite directors answer allegations about using their holding companies-Volcan and Twinstar-to avoid paying taxes on forex transactions. It was a polite way of saying there was prima facie evidence, dating back to 1993, that the Agarwals were guilty of money laundering. For seven years the case dragged on in courts as Sterlite employed top lawyers to use every possible delaying tactic. P. Chidambaram argued in Sterlite's defence in a 2003 Bombay High Court case related to the ED's allegations. The following year, Chidambaram found himself appointed non-executive director on the board of Vedanta Resources Plc. And very soon, he became finance minister in UPA 1.

Former Union Minister and Senior Advocate Ram Jethmalani's letter to Chidambaram on 6 December 2013 accused him of acting in collusion with the NDTV and laundering Rs 5000 crores of money through Mauritius route back to India. [41]

INX Media, Aircel-Maxis case

In 2006, political leader Dr. Subramanian Swamy alleged that a company controlled by Karti Chidambaram, the son of Minister of Finance P. Chidambaram, received a five-percent share of Aircel to get part of 40 billion paid by Maxis Communications for the 74-percent share of Aircel. According to Swamy, Chidambaram withheld Foreign Investment Promotion Board clearance of the deal until his son received the five-percent share in Siva's company. [42] The issue was raised a number of times in Parliament by the opposition, which demanded Chidambaram's resignation. [43] Although Chidambaram and the then ruling Congress government denied the allegations, [44] The Pioneer and India Today reported the existence of documents showing that Chidambaram delayed approval of the foreign direct investment proposal by about seven months. [42] [45] [46] It was alleged that Chidambaram's son, Karti was a direct beneficiary of the 2G spectrum case. His company, Advantage Strategic Consulting had a five per cent stake in Aircel Televentures, even as his father P Chidambaram, as Finance minister, was alleged to have offered FIPB clearance for the Aircel-Maxis deal only if his son's company, Advantage Strategic Consulting, got shares in Aircel Ventures. [47] The Enforcement Directorate is currently investigating his involvement in Aircel deal. [48] In 2012, and, subsequently, in 2016, information of wide-scale corruption by Chidambaram's son Karti Chidambaram and Robert Vadra, with the help of his father's position, including through the AirtelMaxis deal and the Uttar Pradesh NRHM scam, was unveiled in prominent newspapers and media in India. [49] Simultaneously, Chidambaram and his son Karti have been dogged with allegations of corruption, misuse of position, insider trading and money laundering.

Imprisonment

On 20 August 2019, the Delhi High Court dismissed both anticipatory bail pleas of Chidambaram in connection with corruption charges in the INX Media case during his tenure as Finance minister in UPA Government. [49] [50] [33] [51] On 21 August, he appeared at the Congress HQ and addressed a press conference stating that he was "not accused"; however, he left the place, and, later, he was arrested by the Central Bureau of Investigation and Enforcement Directorate at his home. [52] [53] [54] On 5 September 2019, Supreme Court dismissed his appeal against rejection of anticipatory bail plea by Delhi High Court. The Special Court ordered Chidambaram to stay in judicial custody in Tihar Jail for 14 days. On 4 December he was granted bail by the supreme court. [55]

Books, research papers and journals

Chidambaram is a published author of several books.

Books

Books featuring Chidambaram

See also

Related Research Articles

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