Big Breaking: In a big setback to Karti Chidambram ED attaches Karti’s assets worth Rs 54 crore in India as well as abroad

In a big setback to Karti Chidambram (loving son of our former Finance Minister P Chidambram) accused in INX Media case, Enforcement Directorate(ED) has seized Karti’s properties worth Rs 54 crore in India as well as various locations across abroad

 A cottage and house in Somerset in UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, ED said. (Photo: ANI/Twitter)

Under the Prevention of Money Laundering Act (PMLA) the central probe agency issued a provisional order for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi’s Jorbagh.
As a part of the same order the agency has also attached a cottage and house in Somerset in UK and a tennis club located in Barcelona, Spain

(Photo: ANI/Twitter)

Along with the above properties Enforcement Directorate has also attached fixed deposits worth Rs 90 lakh, kept in a bank in Chennai, in the name of Advantage Strategic Consulting Private Limited (ASCPL)

The ED had registered a PMLA case in this deal on the basis of a CBI FIR and had alleged that irregularities took place in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when his father P Chidambaram was the Union finance minister. The ED had grilled Karti in this case in the past too.

Although after the news broke out, Karti Chidambram called it ‘a bizarre and outlandish Provisional Attachment Order’ but whatever he says it seems now there is going to be no relief for the loving son of our former finance minister P Chidambaram.He has to pay for his bad deeds. ED have tightened its screws so much on him that they are in no mood to provide him to space to breathe.

Complete description of various properties attached 

  1. Description of the property: Agricultural Land

  Location: Kodaikanal

    Value: Rs.25 lacs

Registered Name: ASCPL

2.    Description of the property: Colladia at  Ooty (Bungalow)

Location: Ooty

Value: Rs.3.75 Crore

Registered Name: ASCPL

3.   Description of the property: Bungalow at Kothagiri

Location: Ooty

Value: Rs.50 lacs

Registered Name: ASCPL

4.    Description of the property: Land and property

Location: Jorbagh, New Delhi

Value: Rs.16 crore

 Registered Name:  (50% share of Shri Karti P. Chidambaram)    Shri Karti P. Chidambaram and Smt. Nalini Chidambaram

 International property:

5.    Description of the property:  House, cottage, Stone barn and land

Location: Surridge farm, Bathealton, Somerset

Value: Rs.8,67,81,250

 Registered Name:  Advantage Strategic Consulting Pte. Ltd, Singapore
6.    Description of the property: Tennis Club and Land located in Municipality of Gava province of Barcelona

Location: Camino Del Riuet, Gava, Barcelona, Spain

Value:  Rs.14,57,62,385

 Registered Name:  Advantatge Estrategia Esportiva S.L.U

Source : Asian Age