Enforcement Directorate Attaches P Chidambaram’s Son’s Assets worth Rs 54 Crore in India, Spain and UK

October 12, 2018

On Thursday, the Enforcement Directorate confirmed that 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.

ED 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 which is in the name of Karti and his mother Nalini.

Also ED said that Karti has a 50 per cent share in this property.

In the United Kingdom, the ED attached a Rs 8.67-crore cottage and house in Somerset (in the name of ASCPL) and a tennis club valued at over Rs 14.57 crore located in Barcelona, Spain, as part of the same order.

On this, Karti reacted and 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”.

He also went on saying that the order will not withstand judicial scrutiny and review and that he will approach the appropriate legal forum.

About nehanchal

I am Nehanchal. 3 years ago, I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: nehanchal

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