Mr Karthi is the son of Union Home Minister P Chidambaram. In a letter to the PM on Thursday, Apr 26 Swamy accused the Home Minister of helping his son in making a huge profit out of the controversial Aircel-Maxis deal in 2005.
According to Swamy, Maxis company officials in 2005 had approached the telecom company Aircel which was verging on bankruptcy. Maxis had offered to buy 74 per cent stake in Aircel for nearly 4,000 crore. However, this deal needed permission from the Foreign Investment Promotion Board.
Clarifying his stand over accusing Chidambaram and his son regarding this deal, Swamy claimed, "But this permission - Chidambaram delayed it because he wanted a cut - this is my allegation."
During a press conference, Swamy alleged that Ausbridge Holdings and Investments Pvt Ltd, in which Karti Chidambaram is a 94 per cent equity holder, had invested and had majority of shares in Advantage Strategic Consulting Private Limited of Aircel before the Maxis-Aircel Deal was sanctioned by the then Finance Minister. Swamy asserted that after the deal went through, Karti Chidambaram had made a huge amount of money, though he (Swamy) did not specify the exact amount of money.