The ED attached assets worth Rs 1.16 crore of Karti Chidambaram
The ED attached assets worth Rs 1.16 crore of Karti Chidambaram
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ED attaches Karti Chidambaram’s assets worth Rs 1.16 crore in Aircel-Maxis case

ED originated that the company promoted by Karti Chidambaram  and the nephew of Chidambaram allegedly received two lakh dollars from Maxis Group in the guise of 'software consultancy'.

The ED attached assets worth Rs 1.16 crore of Karti in connection with its investigation in the Aircel-Maxis deal.

Also Rs 26 lakh deposits in the name of a firm ASCPL has also been attached.

NEW DELHI: Former Finance Minister P Chidambaram came under direct attack from the Enforcement Directorate on Monday after the agency attached fixed deposits and bank balance amounting to Rs 1.16 crore of Karti P Chidambaram and his associated company in a money laundering case. The agency has lay blame on Karti of having received economic compensation in lieu of favors granted by his father to multi-national companies during his tenure as Finance Minister.

The ED has attached movable assets to the tune of Rs 90 lakh held by Karti in the form of fixed deposits (FDs) and balance in saving bank accounts and another Rs 26 lakh in FDs and bank balances of a company (ASCPL) associated with him.

In the Aircel-Maxis case, the ED has claimed that though the Aircel-Maxis FDI approval was for Rs 3,500 crore, the proposal was wrongly projected as an investment of Rs 180 crore so that it need not be sent to the Cabinet Committee on Economic Affairs to avoid detailed scrutiny.

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