Chidambaram's family members appear before court

Chidambaram’s family members appear before court

Former Union Minister P Chidambaram’s wife Nalini Chidambaram, son Karti Chidambaram and daughter-in-law Srinidhi today appeared at the special court for economic offene cases at Egmore in Chennai.

After interrogation, court asked Karti Chidambaram to appear again and postponed the next hearing to July 23.

The special court summoned Chidambaram’s wife, son and daughter-in-law to appear today in connection with the prosecution initiated by the Income Tax Department under the Black Money Act.

The special court issued summons to Nalini Chidambaram, Karti Chidambaram and his wife Srinidhi on the basis of a complaint filed by the Income Tax Department over alleged non-disclosure of overseas assets, which is an offence under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.

According to the tax department, the trio failed to disclose a property they jointly own in Cambridge in the UK, worth Rs 5.37 crore.

Apart from this, the department has alleged that Karti Chidambaram had failed to disclose an overseas bank account he holds with Metro Bank in the UK and investments he had made in Nano Holdings LLC, USA.

In addition to this, Karti Chidambaram also failed to disclose investments made by Chess Global Advisory, a company co-owned by him which amounts to an offence under the Black Money Act, the department said in its complaint.