The Enforcement Directorate (ED) is probing the alleged role of American firm, Sequoia Capital, in money laundering activities, reported Bloomberg.

According to the report, ED is looking in to the reason behind the firm’s acquisition of shares of a health care start-up at a premium from a company allegedly controlled by former Finance Minister P. Chidambaram’s son Karti Chidambaram, said people close to the development.

The development comes at a time when the anti-corruption drive by the Narendra Modi government has hit many high profile politicians and firms, the report said.

A court filing on Wednesday alleged that companies owned by Karti were paid $1,71,000 by Malaysian telecom operator Maxis Group.

However, Abhishek Manu Singhvi, who represents Karti Chidambaram in court, discarded the allegations put forward against his client claiming that the latter received bail in all ongoing cases against him, the report said.