Even after 3 years after the Congress rule ended, their scams, their mis-governance and corruption continues to haunt the country. One of the biggest scams in the history of India was the 2G and the Aircel Maxis scam during the Congress lead UPA government.
Subramanian Swamy was the first person to reveal the 2G scam and filed a case in the Supreme Court against A Raja, Kanimozhi and P Chidambaram in 2G and Aircel Maxis scam. After which A Raja and Kanimozhi had to serve jail term for many months and were out on bail. However the case against P Chidambaram in the Aircel maxis scam is still under investigation and the proceedings are in the court. Dr Swamy has been relentlessly fighting the case and has provided all proofs against the former Finance Minister.
The Aircel-Maxis scam occurred when the Aircel company owned by C Sivasankaran which was providing 2G services was forced to be sold to a Malaysian company called Maxis owned by Ananda Krishnan, a Malaysian citizen claiming all 100% stake. No company can sell an Indian company to a foreign authority giving 100% share which violates the FDI norms of the Government of India.
This deal was done by then telecom minister Dayanidhi Maran on the orders of P Chidambaram. Maxis in return allegedly made investments worth 600 crore in Maran family owned Sun TV in 2007. Swamy alleged that “P Chidambaram ensured that the Foreign Investment Promotion Board clearance (FIPB) on Aircel- Maxis deal would be cleared, only if his son Karti P Chidambaram-controlled company gets share in Sivakumar’s Aircel Televenture Ltd to share the booty from Maxis.”
Just recently the Supreme Court had asked Swamy to provide all proofs against him, after which Swamy released documents which showed there was Rs 60,00,00,00,00,000 (6 Lakh crore ) loss to the Nation due to Aircel Maxis deal. Dr Swamy revealed all the details of how P Chidambaram and his son Karthi Chidambaram have diverted all the funds to international bank accounts and violated the Prevention of Money Laundering Act.
Swamy has now again released the complete details of all the benami accounts, properties and bank accounts which is held by P Chidambaram and his son Karthi Chidambaram.
The list will leave you stunned!
- Karthi Chidambaram owns 21 foreign bank accounts in 4 metro banks in United Kingdom. Four accounts in OCBC in Singapore in the name of Advantage Strategic Consulting Pte Ltd, this was the same company had received huge kickbacks during the Aircel Maxis scam. Two banks in Spain namely Sabadell Atlantico, La Caxia Bank, HSBC UK, Barclays Bank in Monaco, Marseille BNP Paribas in France, UBS in Switzerland.
2. The income Tax department which raided Karti’s company found various hard disks which revealed that P Chidambaram, wife Nalini Chidambaram, son Karti and his wife Srinidhi had jointly purchased a property and a big palatial house in Cambridge in UK. The property is 5, Holben Close, Cambridge, CB237AQ. This massive property and home was purchased from Edmund Suley Holt and Heather Holt and the money was transacted from Karti’s personal account in London’s Metro Bank account number: 16714313.
But Chidambaram had never disclosed this information when he filed the affidavit for MP seat, which seeks mandatory disclosure of the all property. Even when he was the minister in the UPA government he hid all the information related to his properties. Chidambaram in his affidavit to Rajya Sabha in May 2016 declared only 1/3rd portion of the property as wife Nalini’s property. He declared that the total value of all the property he owned summed up to 1.55 crore, while his property in just UK is said to be worth over 85 crores.
- Karti’s Advantage Strategic Consulting Private Limited ‘s has bought 88 acres farm house, Surridge Farm in Somerset, UK. The land values as recorded in the registration papers as one million pounds. There is also another property Ceres, 29, Meade House in Cambridge which belongs to the his son.
- Karthi Chidambaram has established business all over the world by investing in Real estate and marketing in many countries like London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain. And it is noted that all the purchases of these companies happened during the Congress regime from 2006-2014 when Chidambaram was the Finance minister and home minister.
The overall estimate of the P Chidambaram property value is said to be Three Billion Dollars.
- Kathi’s Singapore based company owned a property owns a massive resort in Sri Lanka called the Lanka Fortune Residencies, it also owns prestigious resorts ‘The Waterfront’, ‘Weligama Bay Resort’ and Emerald Bay Hotel in Sri Lanka.
- The same Singapore company routed money via Dubai to purchase three farms and vineyards in South Africa, identified as Rowey Farm in Grabouw, Cape Orchards and Vineyards Private Limited, and Zandvliet Enterprises, a wine and stud farm in Ashton.
- Karthi has used his Singapore based company to transfer huge amount of illegal stashed money to his Dubai based company called the Desert Dunes Properties Ltd. A massive money trail amount of 1.7 million Singapore Dollars has been found between these two companies.
- His company Advantage’s Ceres, 29, Meade House has made a joint venture Philippines-based companies to purchase a franchise team of International Premier Tennis League (Asia). The company also bought a real estate company called the Real Beyond Pte. Ltd. The investigations revealed over 16 land purchases were made in Thailand through illegal means.
- The Advantage Company of Singapore has also bought a firm in British Virgin Islands called the Somerset Surridge Ltd. Katrthi also invested around 400,000 Singapore dollars in another British Virgin Islans firm known as Full Innovations Ltd. All the transactions for this has happened through the Swiss bank UBS.
- Karthi also bought a Tennis team called ‘Manila Mavericks’ for which he has paid 12 million US dollars.