INX Media PMLA case: ED attaches Karti Chidambaram’s assets worth Rs 54 crore in India, UK, Spain

ED said it has also attached fixed Deposits worth Rs 90 lakh, kept in a bank in Chennai, in the name of Advantage Strategic Consulting Private Limited (ASCPL).

By: Express Web Desk | New Delhi | Updated: October 11, 2018 12:32:26 pm
INX Media PMLA case: ED attaches Karti Chidambaram's assets worth Rs 54 crore in India, UK, Spain Karti Chidambaram’s properties include Jor Bagh in New Delhi, Ooty & Kodaikanal bungalows, residence in UK and property in Barcelona. (ANI photo)

The Enforcement Directorate (ED) Thursday attached assets worth Rs 54 crore of former finance minister P Chidambaram’s son Karti Chidambaram and his firm in India, the United Kingdom and Spain in connection with the INX Media money laundering case, PTI reported.

The agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of Karti’s assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi’s Jorbagh. Foreign properties, including a cottage and a house in Somerset in the UK, and a tennis club located in Barcelona, Spain have also been attached as part of the same order.

ED said it has also attached fixed deposits worth Rs 90 lakh, kept in a bank in Chennai, in the name of Advantage Strategic Consulting Private Limited (ASCPL). All the assets are in the name of Karti and ASCPL, the firm allegedly linked to him, the agency said.

INX Media PMLA case: ED attaches Karti Chidambaram's assets worth Rs 54 crore in India, UK, Spain ED said it has also attached fixed deposits worth Rs 90 lakh, kept in a bank in Chennai. (ANI photo)

The ED had registered a PMLA case in this 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 his father P Chidambaram was the Union finance minister. The ED had grilled Karti in this case in the past.

INX Media PMLA case: ED attaches Karti Chidambaram's assets worth Rs 54 crore in India, UK, Spain The ED had grilled Karti in this case in the past. (ANI photo)

On Monday, a Delhi court had extended the interim protection from arrest granted to P Chidambaram and Karti till November 1 in connection with the Aircel-Maxis cases filed by the CBI and the ED. Special CBI Judge O P Saini put up the matter for November 1 after the counsel appearing for agencies sought an adjournment in the matter.

From PTI inputs

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