In his statement, Chidambaram said nothing was found in the searches, "the panchnamas speak for themselves".
The ED also issued fresh summons to Karti, and has asked him to appear before it on 16 January, Zee News reported.
"There are obviously no proceeds of crime and the ED has no jurisdiction under the Prevention of Money Laundering Act (PMLA)", he added.
The law enforcement agency has alleged that Karti received money from Peter and Indrani Mukerjea owned INX media so as to avoid the tax probe against it.
During the filing of the report, the raid was on-going.
"There is no FIR in respect of a scheduled crime registered by any police or agency including the CBI", Mr P. Chidambaram said.
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Texas Tech ends No. 2 West Virginia's 15-game run
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Karnataka election will be battle between communalism and secularism, says Siddaramaiah
Rahul asked Congress leaders from Karnataka to focus more on booth committees and strengthening the party from that level. Karnataka will go to polls later this year with the tenure of the current state assembly ending in May.
Karti and others have been charged with criminal conspiracy, receiving illegal gratification, cheating, influencing public servants and criminal misconduct.
Both Chidambarams, however, deny all the charges made against them.
The party said the Centre is using agencies like ED and CBI as captive puppets to settle political scores and intimidate political opponents. The FIPB approval was granted in "hundreds of cases", he had said.
As many as nine premises in Chennai and the residence of Karti's father, former Congress leader P Chidambaram, in Delhi were searched by the agency in the raids. "Not surprised by the malicious vendetta being unleashed against senior Congress leaders including P Chidambaram and his son". Karti Chidambaram is accused of facilitating bribes in the Aircel-Maxis transaction.
ED officials also searched at least eight other premises in a coordinated operation that began early morning on Saturday. Nothing was found, nothing was seized.
The ED raids in Chennai have concluded. "Our resolve to raise people's issues and hold the government and Prime Minister accountable on policy and promises become stronger with such spiteful and hostile onslaught to suppress the voice of Opposition", Surjewala 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).