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