Assets Of Congress MP Karti Chidambaram Seized In Money Laundering Case

New Delhi: 

Assets worth ₹ 11.04 crore of Congress MP Karti Chidambaram and others have been seized by the Enforcement Directorate for alleged money laundering in the INX Media case.

The seized assets include a property in Karnataka’s Coorg district, the ED said in a statement.

Mr Chidambaram, the son of Congress leader P Chidambaram, is an MP from Tamil Nadu’s Sivaganga.

The INX Media case is linked to alleged money laundering in allowing foreign investment in the media firm when P Chidambaram was Finance Minister in the United Progressive Alliance (UPA) government.

nvestigators have alleged the Chidambarams received kickbacks for granting the foreign investment permission.

“During investigation, it was revealed that illegal gratification (proceeds of crime) was received directly and indirectly from INX Media Pvt Ltd, to which accused P Chidambaram granted FIPB (Foreign Investment Promotion Board) approval via shell companies controlled/beneficially owned/used by another accused, Karti Chidambaram,” the ED said in the statement.