The party said the raids have once again exposed the "vicious vendetta" unleashed by the Narendra Modi government against Congress and other Ppposition leaders.
Speaking from the Chennai residence, Karti Chidambaam's lawyer, Arun Natarajan, said, "Nothing was found and nothing was seized".
The ED had on Thursday issued fresh summons to Karti for appearing before it on January 16 in connection with the money laundering case. The ED had registered a case under the Prevention of Money Laundering Act against Karti and others in May past year.
Karti is facing a probe for his alleged role in facilitating the FIPB's clearance for INX Media when his father was the Union Finance Minister.
The ED had lodged an Enforcement Case Information Report against the accused named in the CBI complaint, which included Karti, INX media and its directors, Peter and Indrani Mukerjea, among others.
If everyone who reads our reporting, helps to support it, our future would be much more secure and we will be able to keep our and your perspective going. The premises of Karti Chidambaram's chartered accountant and his personal assistants were also searched in Chennai.
The Chidambarams have denied all the charges made against them. The FIPB approval was granted in "hundreds of cases", he had said. "Since ED, Income Tax, CBI and nearly all the key central agencies have completed their searches, the BJP ruling the Centre should now ask the Tamil Nadu government to search for dengue mosquitos too using Chennai corporation's health team", he said.
The raids were being carried since early morning, as per the official sources.
The ED raids in Chennai have concluded. "Nothing was found", the former finance minister said. ED had filed a chargesheet against Karti in the Aircel-Maxis case where it had alleged that Advantage Strategic Consulting Pvt Ltd (ASCPL), controlled by Karti, had received a payment of Rs 26 lakh from ATVL (the company that sold equity shares of Aircel Ltd to Malaysian company Maxis).
The ED had said it is investigating the circumstances of the said FIPB approval granted by the then finance minister, P Chidambaram.