Most of the Cafe Coffee day outlets in Malaysia is said to be owned by Karthi’s companies. The IT and ED officers seized payment details amounting to more than Rs.30 crore in foreign currencies.
Millions has been invested in the subsidiary firm in Barcelona in Spain known as Advantage Estrategia Esportiva SLU in August 2012, for which the money is said to have been sent through Singapore based company.
Karti-linked Singapore firm has also one million US dollar investment in a company in France known as Pampelonn Organisation.
Karti’s firm Advantage Strategic Consulting Private Limited (ASCPL) had transactions with Aircel Televenutres, DCB Client, Diageo Scotland Limited, Katra Group, Sri Lanka Export Development Board, Unifi Wealth Management Ltd, VST Tillers Tractors, Carlton Trading Company, Claris Life Sciences’, ITC Centre, Best Land Realty Limited, Essar Steel Limited, Gokul Builders and Estates, S Kumar, INX Media, Reflections, Thiagarajar Mills Private Limited, Saksoft, EL Forge Limited.
The income tax raids has revealed that Karti Chidambaram constantly got huge kickbacks in every Foreign Investment Promotion Board (FIPB) deals pending with father former Finance Minister P Chidambaram.
In the year 2008, ASCPL received Rs.35 Lakh from INX Media (now known as News X TV Channel), which applied for FIPB clearance of 220 million dollar during the period. Same day the company received Rs.60 Lakh from INX Media to Northstar Software Solutions Pvt Ltd. Major shares of this Northstar Software Solutions Pvt Ltd controlled by C B N Reddy. But the truth is C B N Reddy is a benami Director of ASCPL. On Sept 24, 2008 20,000 Dollars was again paid to ASCPL’s Singapore subsidiary by INX Media. All the money was indirectly transferred to Karti’s company.
On Sept 26, 2008, ASCPL had a money transaction of 50,000 dollars with Geben Trading Limited in Athens in Greece. This company’s address is 4 Zaf.Matsa Street, 14564 Athens, Greence and incorporated in British Virgin Islands (BVI). All the transaction happened when P Chidambaram was the Finance minister of India in 2008.
Karti’s Singapore company got 60 lakh shares in the media firm Network 18’s London based company Artevea Digital UK. Huge kickbacks of 25 crores was given for FIPB clearances again when Chidambaram was Finance minister.
Shockingly, the British company Diageo Scotland Limited which acquired fugitive Vijay Mallya’s UB Spirits even paid 15,000 dollars as Service Charges to Karti’s ASCPL for fixing appointments with then Prime Minister Manmohan Singh, Finance Minister Chidambaram. Diageo’s emails thank Karti for fixing appointment of company owner Lord Blyth with Prime Minister Manmohan Singh, Finance Minister Chidambaram. The email also had a receipt which said it paid 15,000 dollars for fixing appointment.
All the money and illegal transaction has happened when Chidambaram was the Finance Minister and he has completely misused his position and looted the country. He is one man who has cashed the most black money after his party President.
But this man still roams free and is even the Member of Parliament in Rajya Sabha. It is indeed a matter of shame that our courts and the government have not been able to put him behind bars.
Credit: All investigations and complilation of data has been done by Dr Subramanian Swamy and PGurus team.