ED at­taches Karti’s as­sets worth ` 54 cr in In­dia, abroad

Millennium Post - - Front Page -

NEW DELHI: The En­force­ment Direc­torate (ED) Thurs­day said it had at­tached as­sets worth Rs 54 crore of Karti Chi­dambaram, son of former Fi­nance Min­is­ter P Chi­dambaram, in In­dia, Spain and the UK in con­nec­tion with a money laun­der­ing case re­lated to INX Me­dia, an ac­tion termed “bizarre and out­landish” by him.

The cen­tral probe agency is­sued a pro­vi­sional or­der un­der the Pre­ven­tion of Money Laun­der­ing Act (PMLA) for at­tach­ment of agri­cul­tural land and bun­ga­low in Ko­daikanal and Ooty in Tamil Nadu and an Rs 16-crore flat in south Delhi’s posh Jorbagh lo­cal­ity which is in the name of Karti and his mother Nalini.

Karti, the ED said, has a 50 per cent share in this prop­erty.

In the United King­dom, the ED at­tached an Rs 8.67-crore cot­tage and house in Somerset (in the name of ASCPL) and a ten­nis club val­ued at over Rs 14.57 crore lo­cated in Barcelona, Spain, as part of the same or­der.

Re­act­ing to the or­der, Karti tweeted, “A bizarre and out

lan­dish pro­vi­sional at­tach­ment or­der which is not based on the law of facts but crazy con­jec­tures. This is meant only to grab head­lines”.

He said the or­der would not with­stand ju­di­cial scru­tiny and re­view and that he will ap­proach the ap­pro­pri­ate

le­gal fo­rum.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.