Chennai: A Chennai-based company is planning to take legal action against Janata Party chief Subramanian Swamy who had on Thursday levelled allegations against Home Minister P Chidambaram and his son Karti on investments in Aircel against which a CBI case is on.
Swamy had alleged that Karti "controlled" ASCP in 2006 and there was a financial transaction between it and Aircel Televenture, which got GSM licence.
However, sources close to Karti have dismissed Swamy`s charges saying there was no truth in them and were baseless.
"There is no truth. None of the companies in which Karti has any interest holds any equity in nor has given any loan to any telecom company," sources close to Karti said.
Meanwhile, Swamy said in a statement that the threat of defamation case is "laughable".
"I would welcome an opportunity to cross examine Mr Karti Chidambaram in the court of law which will save me the trouble of approaching the special 2G spectrum court for filing a fresh private complaint," he said.