New Delhi: In a charge sheet filed against former Indian Union Minister and veteran Congress leader P Chidambaram, his son Karti and charter accountant S Bhaskar Raman, the Enforcement Directorate (ED) has informed about investments that have gone up by almost 10 times. It has been revealed in the charge sheet filed by the ED that about Rs 65 crore worth of assets were used for money laundering.
According to the ED's charge sheet, the illegal income of Rs 6.5 crore from INX Media Group increased to Rs 65 crore in a few months, which was used in many places for investment. For this, a company called Advantage Strategic Consultancy Private Limited (ASCPL), a company owned by Karti Chidambaram. According to the ED charge sheet, ASCPL created fake invoices in the name of serving INX Media and illegally earned income from it.
1.5 lakh shares of Vasan Healthcare were purchased using Rs 1.5 crore from the income from the INX group. The ASCPL later sold 30,000 shares to a company named Sequoia for Rs 22.20 crore. In addition, 36,245 shares were sold to Vasan Medical for Rs 18.6 crore. ASCPL bought shares worth Rs 11 crore of AGS Healthcare, which was later sold for Rs 29.4 crore. On Wednesday, the Special Court took cognizance of the charge sheet of ED and asked all other accused including Chidambaram to appear in court before April 7.
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