INX case: Karti’s assets worth Rs 54 crore in India, abroad attached
The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 54 crore of Karti Chidambaram, son of former Finance Minister P Chidambaram, in India, Spain and the UK in connection with a money laundering case related to INX Media, an action termed “bizarre and outlandish” by him.
By : migrator
Update: 2018-10-11 20:42 GMT
New Delhi
The agency issued a provisional order under the Prevention of Money Laundering Act for attachment of agricultural land and bungalow in Kodaikanal and Ooty in Tamil Nadu and a Rs 16-crore flat in south Delhi’s posh Jorbagh locality. Karti, the ED said, has a 50 per cent share in the property.
In the UK, the ED attached a Rs 8.67-crore cottage and house in Somerset and a tennis club valued at over Rs 14.57 crore located in Barcelona.
Reacting to it, Karti tweeted, “A bizarre and outlandish provisional attachment order which is not based on law of facts but on crazy conjectures. This is meant only to grab headlines.” Meanwhile, a consulting firm allegedly linked to Karti moved the Madras HC challenging the ‘freezing’ of its accounts by the ED in the INX case.
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