ED attaches Rs 55 crore worth assets of Karti Chidambaram

ED attaches Rs 55 crore worth assets of Karti Chidambaram

Karti Chidambaram’s assets worth Rs 54 crore in India and abroad have been attached by the Enforcement Directorate in the INX media case. According to reports, a property of his father and former Union Minister P Chidambaram has also been attached.

The Enforcement Directorate today said it has attached assets worth Rs 54 crore of Karti Chidambaram, who is a member of the All India Congress Committee.

The central probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi’s Jorbagh.

A cottage and house in Somerset in UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the ED said.

The agency had registered a PMLA case in this deal case on the basis of a CBI FIR and had alleged that irregularities took place in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister.

Reacting to the latest action by the ED, Karti tweeted: “A bizarre and outlandish ”Provisional Attachment Order” which is not based on law or facts but on crazy conjectures.”

He added: “This is meant only to grab ”headlines”. The ”order” will not withstand judicial scrutiny, review or appeal. Will approach the appropriate legal forum.”