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IT Department Files Charge-Sheets Against Karti Chidambaram And His Family Members

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| May 11 , 2018 , 18:31 IST

On Friday, Four prosecution complaints have been filed against the Karti Chidambaram, Nalini Chidambaram, Srinidhi Chidambaram - for making investments in foreign assets and not disclosing it in their tax returns.

The cases were filed under Black Money Act in a Chennai Court today. According to CBI, the junior Chidambaram might try to hamper in the investigation case if he is released on bail.

Justice SP Garg on Friday reserved order on the bail plea of senior Congress leader P Chidambaram's son Karti Chidambaram in the INX Media corruption case after hearing arguments from prosecution as well as defence counsel.

Speaking to ANI, Swamy said that the court took the right decision by sending Karti to CBI remand. "The arguments put forward by Karti's counsel Abhishek Manu Sighvi did not hold much water as they were not true and hence the court ruled against them and send Karti to CBI custody," he said.

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"This will enable the CBI to confront Karti with his CA who has already confirmed everything. Karti's interrogation will also serve the larger purpose of establishing P Chidambaram's connection to the case which will lead to prosecution," he added.

Swamy further trained guns at P Chidambaram and said, "It was P Chidambaram who had approved the project. The project was meant for only Rs 5 crores but after P Chidambaram's approval more than Rs 305 crores were brought in. This clearly points towards money laundering".

In February 2007 Karti Chidambaram was arrested for allegedly taking money to facilitate Foreign Investment Promotion Board (FIPB) clearance to INX Media in 2007 when his father was the Finance Minister in the United Progressive Alliance government.