Feb 20, 2017 Constitution Club of India, New Delhi
“Chidambaram is a big thief. His son Karti is also a thief. Their net worth spans thousands of crores, with properties in 14 countries,” thundered Dr. Subramanian Swamy on February 20, 2017, at a Press Conference in the famed Constitution Club of New Delhi. He went on to add that the Chidambarams own directly or indirectly, approximately 1/6th of the real estate in Bengaluru. As part of this Press Conference, a list of 21 foreign bank accounts operated by Karti Chidambaram was also provided.
It is believed that at the Center, politicians choose one field and make their mark (and the moolah) from it.
Several months have passed since this presser. The Enforcement Directorate (ED) summoned Karti Chidambaram thrice, and he has ignored these calls. The Central Bureau of Investigation (CBI) has also issued two summonses to Karti, on a different matter and he has ignored those too. Yet, he walks free, although he can no longer travel abroad.
What makes the Chidambarams think that they are above the rule of law? And more importantly, what is preventing the current government from acting against what some arguably say as the Putin of India?
Who is Chidambaram?
Grandson of Raja Annamalai Chettiar (the title of Raja was given by the British) through the Raja’s daughter, Palaniappan Chidambaram (PC) did not get to enjoy the same perks and privileges as those of his cousins born to the Raja’s sons. Marrying outside of the Chettiar community to Nalini, who is a Gounder did not help matters. Perhaps this drove him to ceaselessly pursue wealth in any and every form that he could conjure. The Raja’s family tree is shown in Figure 1.
Only this can explain the meteoric rise in riches of this mercurial minister. It is believed that at the Center, politicians choose one field and make their mark (and the moolah) from it. For instance, Pawar allegedly made his fortunes in Defence (and later in Agriculture when he had to swallow his pride and accept Sonia Gandhi’s leadership). Chidambaram chose Finance. From 1996-98, 2004-08 and 2012-14, he reigned supreme in this ministry, doling out favors/ threats/ bending administrative officers to his will (and when that failed, to foist false charges)… the list is long. It is widely believed that in UPA-2, only Pranab Mukherjee could stand up to him and once Pranab-da was kicked upstairs to be the President of India, Chidambaram and his C-Company could get away with anything. Sonia was happy because Vadra2 could do in Dubai what Karti was doing in Singapore, making money off the stock market. For the brief period that he was not in the Finance Ministry, he even tapped Pranab-da’s phones so he could keep tabs on the goings on.
 Friend, father & philosopher of black money is Chidambaram – The Sunday Guardian