Big shock to P Chidambaram and family! Income Tax Department files complaint against P Chidambaram’s wife and son

“The past will always haunt you, know matter how powerful you are”. This has been proved right again as the Income Tax Department filed four prosecution complaints against the former Finance Minister P Chidambaram and his family members – Karti Chidambaram, Nalini Chidambaram, Srinidhi Chidambaram – for allegedly making investments in foreign assets and not disclosing it in their tax returns.

This move has come after the Madras High Court allowed the Income Tax department to proceed with its inquiry against former Union minister P Chidambaram’s son Karti and other directors of a company under the black money act.

Under what sections Karti Chidambaram and his mother are facing charges?

  • The charge-sheets or prosecution complaints have been filed by the I-T department before a special court in Chennai under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
  • Nalini Chidambaram, Karti and Srinidhi have been charged for allegedly not disclosing, either partly or fully, immovable assets like the one at Cambridge in the UK worth Rs 5.37 crore, property worth Rs 80 lakh in the same country and asset worth Rs 3.28 crore in the US.

The above was the statement made by the Income Tax officials. 

The Chidambaram family is already entangled in a bunch of legal cases. Earlier in the year, Karti Chidambaram had to spend a few weeks under the custody of the CBI officials. It was done for allegedly taking bribes to get clearance for TV venture INX Media to access foreign investment.

INX Media promoters Peter and Indrani Mukerjea had confessed with the investigation agencies that they paid over Rs 3 crore in bribe to Karti at the instance of his father, was in charge of the Foreign Investment Promotion Board.

Soon after his arrest, the CBI had said “In March 2007, INX Media breached the condition on which it had been allowed by FIPB to raise 46% equity through issue of shares. Against the permission to raise Rs 4.62 crore by issuing shares at face value, the company got in Rs 305 crore by issuing shares at a premium. In addition, it also bypassed FIPB to make 26% downstream investment in INX News Private Limited”.

Source: https://timesofindia.indiatimes.com/india/cbi-arrests-karti-for-allegedly-taking-bribe-when-p-chidambaram-was-finance-minister/articleshow/63114986.cms

Special Correspondent of “The Pioneer” reminded P Chidambaram of his old challenge!

  • Hi P Chidambaram, When Pioneer published your family’s assets in 14 countries on Feb 29, 2016, remember you put up a bravado – “if proved, assets would be handed over for a Rupee”. Now today Income Tax filed charges under Black Money Act on these assets. Kya hua tera wada….

This has proved a massive embarrassment to the Congress party as it came at the time of Karnataka elections. At one end the Income-tax department had conducted raids on the close aides of Karnataka CM Siddaramaiah and at other end, the Congress MLAs are being booked for rigging the elections with fake voters.

Days ago, PM Modi had attacked Rahul Gandhi with the “naamdaar” and “kaamdaars” jibe by saying “The Congress President is a ‘naamdaar’ (only name). So how does he know about the efforts of ‘kaamdaars’. We are kaamdaars (known by our work). What is our status that we can sit with people like the Congress President who look down upon us”.

Now, it has again proved that the Congress party under Rahul Gandhi is never honest and is expert in executing scams.

Source: Businesstoday.in
Times Of India

Hansika Raj


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