ED Attaches Karti Chidambaram Properties, Bank Deposits Worth Rs 54 Crore In INX Media Case

| October 11 , 2018 , 12:42 IST

The Enforcement Directorate (ED) has attached assets to the range of Rs 54 crore belonging to Karti Chidambaram, son of former union minister P Chidambaram, in connection with the INX Media case, media reported on Thursday.

The attached assets include properties in Jor Bagh in New Delhi, Ooty and Kodaikanal bungalows, residence in UK and property in Barcelona apart from bank deposits.

Soon after the reports of the attachment were released in media, Karti Chidambaram slammed the order as not being based on law or facts, and only aimed at grabbing headlines.

"‏A bizarre and outlandish ”Provisional Attachment Order” which is not based on law or facts but on crazy conjectures. This is meant only to grab ”headlines”. The ”order” will not withstand judicial scrutiny, review or appeal. Will approach the appropriate legal forum," Karti tweeted.

Karti Chidambaram has been accused of getting government clearance for foreign investments worth around Rs. 300 crores in television company INX Media in exchange for bribes in 2007, when his father P Chidambaram was the Union Finance Minister.

ALSO READ: Karti Chidambaram Arrested By CBI in INX Media Money Laundering Case

The CBI filed a chargesheet against Chidambaram, his son Karti and others, alleging that the former union minister “dishonestly and fraudulently” granted FIPB approval for foreign investment when only the Cabinet Committee on Economic Affairs (CCEA) had the right to do so.

According to the CBI, which registered an FIR on May 15 last year, Karti allegedly received money from INX media to scuttle a tax probe. The Enforcement Directorate in May last year registered an Enforcement Case Information Report (ECIR), the ED’s equivalent of a police FIR.

In July, the CBI filed a fresh chargesheet in the Aircel Maxis deal case, which pertains to an FIPB clearance to firm M/S Global Communication Holding Services Ltd for investment in Aircel. The agency named the former finance minister P. Chidambaram and his son Karti Chidambaram as accused in the case.