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Black money case: Court summons P Chidambaram’s kin on August 20
A special court for economic offences on Monday directed senior congress leader and former Union Minister P Chidambaram’s wife Nalini Chidambaram, son Karti Chidambaram and daughter-in-law Srinidhi to compulsorily appear before the court on August 20, in connection with the prosecution initiated by the Income Tax (I-T) department under the Black Money Act.
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Chennai
When the case came up for hearing, counsels for the respondents filed a petition seeking to dispense with their personal appearance for the day.
After allowing it, Judge S Malarvizhi directed that all the three should compulsorily appear before the Court on August 20 and adjourned the matter to that date. The trio were directed to appear before the court during the earlier hearing on July 23, but they did not appear and they were summoned to appear on July 30.
The court had issued summons to them on June 20 in connection with the prosecution initiated by the I-T Department under the Black Money Act.
The Income Tax authorities had filed a complaint against them over alleged non-disclosure of overseas assets, under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
The case against them was that they failed to disclose a property they jointly own in Cambridge in the UK, worth Rs 5.37 crore.
Apart from this, the department has alleged that Karti Chidambaram had failed to disclose an overseas bank account he holds with Metro Bank in the UK and investments he had made in Nano Holdings LLC, USA.
In addition to this, Karti also failed to disclose investments made by Chess Global Advisory, a company co-owned by him which amounted to an offence under the Black Money Act, the department said in its complaint.
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