September 25, 2017 4:09 PM

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ED attaches Rs 1.16 crore assets of Karti Chidambaram

Enforcement Directorate has attached bank account and Fixed Deposits of Karti Chidambaram and a firm allegedly linked to him in connection with its money laundering probe in the Aircel-Maxis deal. <br/><br/>The agency has issued a provisional attachment order of assets worth of 1.6 crore rupees under the Prevention of Money Laundering Act. <br/><br/>The attached firm is allegedly linked to Karti and the ED said it was controlled by him through another person. The agency also alleged that Karti had disposed off a property in Gurgaon and closed certain bank accounts in order to frustrate the process of attachment. <br/><br/>The ED is probing the Aircel-Maxis deal after taking cognizance of a CBI FIR in the case. The case relates to irregularities in the foreign investment clearance given in 2006 in the Aircel Maxis deal when P Chidambaram was Finance Minister.

September 25, 2017 2:46 PM

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ED attaches Rs 1.16 crore assets of Karti Chidambaram

Enforcement Directorate has attached assets and bank account having Rs. 1.6 crore of Karti Chidambaram in Aircel Maxis case. <br/><br/>According to sources, the agency has also attached Fixed Deposits of 90 lakh rupees of Karti Chidambaram, the son of former Finance Minister P Chidambaram. <br/><br/>The case relates to irregularities in the foreign investment clearance given in 2006 in the Aircel Maxis deal when P Chidambaram was Finance Minister.

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