After CBI, ED set to file case against Karti Chidambaram, INX Media

The ED case will be filed under sections of the Prevention of Money Laundering Act (PMLA). It will follow a case of corruption filed by CBI on Monday against Karti and the INX group.

Written by Deeptiman Tiwary | New Delhi | Updated: May 18, 2017 8:19 am
Karti Chidambaram, Karti Chidambaram raid, chidambaram ED case, Enforcement Directorate, INX Media, INX Media case, money laundering, indian express news, india news Karti Chidambaram. PTI photo

The Enforcement Directorate (ED) is set to file a case of money laundering against Karti Chidambaram and INX Media in connection with alleged irregularities in the grant of FIPB approval to the company to get foreign direct investment.

The ED case will be filed under sections of the Prevention of Money Laundering Act (PMLA). It will follow a case of corruption filed by CBI on Monday against Karti and the INX group.

“We have received the CBI FIR and a case of money laundering will soon be registered,” said a senior ED official. Such a case will also open doors for ED to possibly attach assets in the case.

Notably, it was on ED’s reference that the case against Karti and INX Media was registered by the CBI. The ED, which is already investigating a company associated with Karti in connection with the Aircel Maxis deal and FDI inflow into Vasan Healthcare, had found documents related to the INX Media FDI inflow during searches.

The ED had found documents that showed Advantage Strategic Consulting, a company that CBI claimed is indirectly controlled by Karti, was paid Rs 10 lakh as consultancy fees to help it get FIPB approval in 2008. Karti’s father P Chidambaram was then Finance Minister.

The CBI on Tuesday conducted raids at premises linked to Karti and the residence of Peter Mukerjea and Indrani Mukerjea among 14 locations spread across Mumbai, Chennai and Delhi NCR in connection with the case.

The CBI FIR alleged that INX’s FDI inflow had been initially flagged by FIPB for irregularities and it had sought clarification from the media house. However, after it roped in a company owned by Karti Chidambaram for consultancy, its fresh proposal was approved by FIPB “by virtue of influence exercised over them by Karti P Chidambaram”, the CBI FIR says.

By doing this, the CBI has alleged that the officials “not only ignored the serious illegality on the part of M/S INX Media… but also embarked on showing undue favour to INX Group by abusing their official position”.

In return of the services, CBI has alleged, Karti Chidambaram got a payment of Rs 10 lakh through Advantage Strategic Consulting, “which was controlled by him (Karti) indirectly”. It has also alleged that it found invoices for Rs 3.5 crore in favour of INX Media raised by companies in which Karti has “sustainable interest” and “where there are common directors”.

Denying any wrongdoing, Karti Chidambaram said yesterday: “I am being targeted politically and personally to besmirch the name of my father. They have not seized any documents and cannot prove any charges against me. I have not done anything wrong.”

Reacting to the raids, P Chidambaram, had said: “The government’s aim is to silence my voice and stop me from writing, as it has tried to do in the cases of leaders of opposition parties, journalists, columnists, NGOs and civil society organisations. All I will say is I shall continue to speak and write.”

For all the latest India News, download Indian Express App

  1. S
    S .N. Iyer
    May 19, 2017 at 2:13 pm
    the CBI and ED have obviously found enough evidence to file cases against Karti Chidambaram and one can look forward to the logical end of this alleged corruption.ON the same day, we have news that Mr Janardhan Reddy who faces several cases of illegal mining based on investigations made by the former Lok Ayukth of Karnataka has been found not guilty in four cases out of 28. Mr Reddy was the king pin wen the BJP won the elections in 2009 by conducting an Operation LOtus to get independents t o join the BJP as ociate members by the use of various methods. Is this the start of the bJP's campaign for the 2018 elections in Karnataka? It also seems quite coincidental that the present Govt finds corruption only in opposition parties while no BJP member finds himself in any case of corruption. The NDA has also amended laws thru the Finance Bill of 2016 and 2017 to legalise foreign donations as also remove any limit on donations to political parties. Legalised corruption by law!
    Reply
    1. C
      Chandra
      May 18, 2017 at 1:12 pm
      Already keji hi family are playing the victim card now this man is adopting to stop the agencies from attaching their I'll gotten wealth
      Reply
      1. A
        Anand Prakash
        May 18, 2017 at 11:57 am
        Glad the government has started action against corruption. However, why only opposition leaders are targeted? What about the GSPC scam pointed out by the CAG, the Chikki scam....... et al in which BJP members are involved? Just sweeping these scams under the rug does not make the BJP government clean.
        Reply
        1. C
          Chandra
          May 18, 2017 at 11:32 am
          This is very good indeed. All these fat cats should be made to face the law and held to account. But what about the fat cats in BJP, Shiromani Akali Dal, Shive Sena etc? If you expect people to believe that the likes of Jaitley, Naidu, Rajnath Singh, Parikkar, Javadekar, Gadkari etc., are all "innocent" , that hog wash! Will it take another ru party to bring these worthies to book? Then what is the difference between UPA and NDA ??
          Reply
          1. B
            B
            May 18, 2017 at 10:31 am
            This is just the tip of the iceberg. All kinds of economic thuggery have been committed by these rogues. It is ic to keep on hearing this parroting of 'political vendetta', 'silencing voice' etc. What vendetta? What political threat are these two to anybody or party? What silencing? Even IE regularly carries Chidu's 'voice'. Let the government departments do their job.
            Reply
            1. R
              rameshnk
              May 18, 2017 at 10:30 am
              There are many readers expressing why only the opposition leaders are being targeted? Yes please let us know when these people mwre in power how many cases were filed at all, or what was the conclusion. The case of Lallo Prasad is a classic example. This scoundrel who should have been behind the bars long ago is still roaming, and claiming to be a big leader. During UPA rule all these parties were having a field time looting. Coz. No enquiry due to Mai Baap Sarkar at Delhi. Hence a national looting spree. In 2014 all these wrere wholly rejected. The same scoundrels have the gumption to ask Modi about drive against corruption, where is 15 lakhs etc. Now let these leaders atleast contribute a few thousand s atleast of their looted money to this fund>
              Reply
              1. T
                TIHAEwale
                May 18, 2017 at 9:30 am
                CBI is manned by scoundrels or else how they could book the officials who cleared the decisions favouring Karti, so now it will be ED which will gain media time for 24 years and then forget. is it not CBI, ED, IT Depts which have now shown Galli Janardhana Reddy is virtious person and Lokaykta Santosh Hegde was on charas when he wrote detailed report against Bellary brothers, dyurappa who were victimised and now Feku56 Govt is just waiting to compensate the Reddy and dy for time spent in jail on the basis of Lokaykta report
                Reply
                1. M
                  Mohan Menon
                  May 18, 2017 at 11:40 am
                  Dumbo !What a realization you had no problem when the Italian import was looting the nation !
                  Reply
                  1. N
                    Nation
                    May 18, 2017 at 12:53 pm
                    So we should never have problems any more since Italian set precedent? Drink less Somras bhai... Eyes & ears will clear... Maybe grow brain too!
                2. T
                  T DUTTA
                  May 18, 2017 at 9:21 am
                  IN ONE CHIT FUND CASE IT WAS REPORTED THAT ONE CRORE WAS PAID AS FEES FOR LEGAL ADVISE TO ONE WOMAN LAWYER OF CHENNAI----------BUT THE DETAILS OF THAT VERY EXPENSIVE LEGAL ADVICE WAS NOT AVAILABLE AS PER MEDIA REPORTS----WHAT IS THAT LEGAL ADVISE WHICH COST 1 CRORE?--WAS IT A LEGAL FEE OR WAS IT A CAMOUFLAGED BRIBE?---[an ordinary man is not supposed to verify the authenticity of a media report---he can take it for granted that the media report is correct UNLESS A DISCLAIMER IS ISSUED WITHIN 48 HOURS]
                  Reply
                  1. R
                    R S
                    May 18, 2017 at 9:07 am
                    It's well known that Chidu in company with Karunanidhi is the most corrupt, well learned politician. He learnt all the abilities of Scientific Corruption from his teacher Karunanidhi. We the public the largest sufferers of these corrupt practices of these white color criminals demand that special , exclusive courts must be established and maximum 1 year only to be given them time to deliver justice. Unless these guys are punished with most stringent sections of law they will never change.
                    Reply
                    1. S
                      sampath
                      May 18, 2017 at 8:34 am
                      Please google and read the leaked income tax do ent from chennai that was released through subramaniam swamy that lists all the companies and properties owned by chidambaram and family in Asia, Africa and Europe. Massive loot. The TN farmers should go protest in front of his house because all their money is with this family. Media is not reporting all these details. They should by now have listed and verified all those resorts owned by the family all over the world. Google for it!
                      Reply
                      1. P
                        pradeep
                        May 18, 2017 at 7:31 am
                        The only outcome of this futile and deliberately long drawn out drama is that all will make money out of this lost cause ed cd or abcd.
                        Reply
                        1. T
                          Truth
                          May 18, 2017 at 7:04 am
                          If corrupt politicians across all parties are being tried then it's a fair and just Govt. but if corrupt BJP ministers like Reddy, Gadkari, Vasundhara Raje (all with dispro.portionate as.sets) are being let off then this Govt. is only misusing its power and indulging in Opposition-Hounding !
                          Reply
                          1. K
                            Krish Iyengar
                            May 18, 2017 at 6:23 am
                            Dear PC, I am bit worried about your mental ability and balanced political views now. Leave your adult son to mend his ways, and ask him to be man enough to face them. In the meantime, why are you schizophrenic about your voice being stifled when it is not, and you have conveniently forgotten that your political mentor and the party icon Mrs hi actually did that to millions of people during her emergency reign in 1977. Anyway, prepare your journey to a retirement (VAANAPRASTA) and read Mahabharata (Rajaji’s Tamil version is the excellent one, whom your party has forgotten). Dhruthirashtra blabbering that his son Duryodhana was unfairly treated after the great war comes to my mind. You have become a knowledge-blind like him. Please give the really poor people a chance.
                            Reply
                            1. M
                              Murthy
                              May 18, 2017 at 6:39 am
                              Very good points. In the past, P.Chiddu has been involved in other major scandals - Indian Bank and a stockbroking firm in Mumbai.. Under Congress hegemony he was able to brush those facts under his "political carpet". He writes regular columns in this esteemed paper. But, others have too, several columnists have been far more hard-hitting than P.C. I cannot see why Modi Sarkar should be worried about P.C.'s unpersuasive political scoring here and there.
                              Reply
                              1. N
                                Nation
                                May 18, 2017 at 1:04 pm
                                Chid ambaram is the man with the facts & figures (he is no saint BTW). `Unpersuasive political scoring...' pooh poohing a little too much aren't you... Dismissive for sake isn't getting you any friends when it is (especially) easy to see that you are a chaddi wearing S anghi under all that sophisticated veneer!
                            2. K
                              Krish Iyengar
                              May 18, 2017 at 6:19 am
                              Dear PC, I am bit worried about your mental ability and balanced political views now. Leave your adult son to mend his ways, and ask him to be man enough to face them. In the meantime, why are you schizophrenic about your voice being stifled when it is not, and you have conveniently forgotten that your political mentor and the party icon Mrs hi actually did that to millions of people during her emergency reign in 1977. Anyway, prepare your journey to a retirement (VAANAPRASTA) and read Mahabharata (Rajaji’s Tamil version is the excellent one, whom your party has ungreatuflly forgotten). Dhruthirashtra blabbering that his son Duryodhana was unfairly treated after the great war comes to my mind. You have become a knowledge-blind like him. Please give the really poor of India a chance.
                              Reply
                              1. M
                                madhu
                                May 18, 2017 at 5:59 am
                                CBI , ED etc sleeping on 1) Note for vote case 2) Bank defaulters in AP 3) Union minster son and CM son car dealrship? 4) Medical college black money fraud
                                Reply
                                1. N
                                  NRL
                                  May 18, 2017 at 6:48 am
                                  yeah right, they only act on Opposition parties and their enemies in Politics and Business.
                                  Reply
                                  1. M
                                    Murthy
                                    May 18, 2017 at 6:49 am
                                    One cannot commit murder, say to the arresting police, "There are so many unsolved murder cases, why are you arresting me, only in my case ??" Would you like the ED to announce, "Until we solve the following List of Cases, we are NOT going to be on the look out for any other cases" ?!! Once I was stopped by traffic police for a traffic violation. Even as the policeman was talking to me, at least four cars that went past us, were committing the same offence, I had. I paid the fine, because, I wanted to learn the LESSON. I could not worry about the four that got away. I would not. My life is mine, theirs is theirs. Kismat, not the same for everybody.
                                    Reply
                                  2. Load More Comments