ED, through its special public prosecutor Nitesh Rana, alleged that Bhaskararaman had failed to appear before it even after issuing of several summons and was not cooperating with the probe.
Officials said the raids were being conducted at three premises in Chennai under provisions of the Prevention of Money Laundering Act (PMLA), the anti-money laundering law.
Karti Chidambaram, the son of senior Congress leader P Chidambaram, today appeared before the ED in connection with its probe into the INX Media money laundering case.
The agency had on Thursday issued fresh summons to Karti after he skipped his appearance before it in connection with the money laundering probe.
The CBI had issued a summon in September to Karti asking him to appear before it for questioning on October 4 in the Aircel-Maxis case, which he has challenged.
The bench, however, made it clear that its order, permitting Karti Chidambaram to go abroad, will not be cited before any court of law as precedent.
The CBI had earlier claimed that Karti Chidambaram had tampered with evidence relating to the case against him during his visits abroad in the months of May, June and July this year.
The Paradise Papers is an investigation into offshore and banking assets carried out by the Indian Express with the International Consortium of Investigative Journalists (ICIJ).
The agency told the bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud that it has incriminating evidence against Karti Chidambaram.
'All my assets are lawfully acquired and are disclosed in all my statutory filings,' Karti told the top court in an affidavit filed on Monday.
Karti Chidambaram had "tampered" with evidence relating to an alleged graft case against him during his visits abroad, the CBI alleged in the Supreme Court today
The CBI is investigating how Karti allegedly managed to get a clearance from the Foreign Investment Promotion Board (FIPB) in the Aircel-Maxis deal when his father was the Finance Minister in 2006.
The Enforcement Directorate on Monday said it has attached assets, bank accounts and fixed deposits worth Rs. 1.16 crore linked to Karti Chidambaram
"What he did abroad is part of this sealed cover," Additional Solicitor General Tushar Mehta told the bench which also comprised Justices A M Khanwilkar and D Y Chandrachud.
Karti Chidambaram was called by the CBI on Thursday for questioning in connection with the foreign investment clearance given in the Aircel-Maxis deal of 2006 when his father was the Finance Minister.
CBI had called Karti for questioning in connection with foreign investment clearance given in 2006 in Aircel Maxis deal when his father P Chidambaram was Finance Minister.
The CBI said its probe into the allegedly irregular FIPB clearance to investment in INX Media in 2007 has revealed that Karti owned 25 properties abroad
The agency agreed to produce an interrogation report of Karti Chidambaram before the Supreme Court on September 11, the next date of hearing in this case.
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