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    ‘Attached Karti’s assets part of INX media case’

    The adjudicating authority of the PMLA on Tuesday held that Rs 1.16 crore assets attached by the ED in the name of former Finance Minister P Chidambaram’s son Karti and a firm allegedly linked to him are “involved” in money laundering. It also ordered that the attachment of the assets should continue.

    ‘Attached Karti’s assets part of INX media case’
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    Karti Chidambaram

    New Delhi

    The central probe agency had provisionally attached fixed deposits and bank balances in the name of Karti and a firm “indirectly controlled” by him in September last year. 

    “Adjudicating authority of PMLA confirms attachment of assets worth Rs 1.16 crore of Karti P Chidambaram and Advantage Strategic Consulting Pvt Ltd in Aircel Maxis case,” the central probe agency said in a statement. 

    The assets have been called as those involved in money laundering and the ED will soon seize them, agency sources said. It had also attached another Rs 26 lakh fixed deposits in the name of the firm Advantage Strategic Consulting Private Limited (ASCPL) under the provisions of the anti-money laundering law. Earlier in the day, the Delhi High Court sought response from the CBI on the bail plea of Karti Chidambaram, arrested by the CBI in the INX Media corruption case. Justice S P Garg told the CBI to file a status report before March 16. The CBI, however, contended that the matter was not maintainable. 

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