Karti Chidambaram’s property worth Rs 11 crore seized, ED made a big deal

New Delhi. The Enforcement Directorate (ED) on Tuesday attached assets worth Rs 11.04 crore of Congress MP Karti Chidambaram in the INX money laundering case. This information was given in an official statement here. The ED said that one of the four attached properties is an immovable property located in Coorg district of Karnataka. A provisional order has been issued against Karti under the Prevention of Money Laundering Act (PMLA), the statement said. Karti Chidambaram, son of former Union minister and senior Congress leader P Chidambaram, is the sitting MP from Sivagangai Lok Sabha seat in Tamil Nadu and was arrested by both the Central Bureau of Investigation (CBI) and ED in the INX case.
The case pertains to alleged receipt of illegal funds directly or indirectly from INX Media Pvt Ltd, which was cleared by the Foreign Investment Promotion Board (FIPB) during his father’s tenure as Union Finance Minister in the then United Progressive Alliance (UPA) government. approval was received. The Enforcement Directorate (ED) on Tuesday attached assets worth Rs 11.04 crore of Congress MP Karti Chidambaram in the INX Media money laundering case. The ED said that one of the four attached properties is an immovable property located in Coorg district of Karnataka. The statement said that a provisional order has been issued against Karti under the Prevention of Money Laundering Act (PMLA).
Karti Chidambaram, son of former Union Minister and senior Congress leader P Chidambaram, is the sitting MP from Sivagangai Lok Sabha seat in Tamil Nadu. And he was arrested by both CBI and ED in INX case. The matter pertains to money received directly or indirectly from INX Media Private Limited. It had received Foreign Investment Promotion Board (FIPB) approval during his father P Chidambaram’s tenure as Union Finance Minister in the UPA government.
what is the matter
A private company was setting up a 1980 MW thermal power plant at Mansa in Punjab. Its responsibility was given to a Chinese company. It is alleged that this project was getting delayed. To speed up the work, Chinese professionals were brought to Mansa. Visa was arranged for them by a person from Chennai with the help of some of his colleagues. The rules were ignored in this. A total of 263 project visas were issued. Not only this, this private company wrote a letter to the Home Ministry and requested to re-issue visas to all these visa holders. Its approval was also received in a month. It is alleged that a person from Chennai demanded a bribe of Rs 50 lakh with the help of his associates. It is alleged that Mansa’s private company sent this bribe to Chennai through a fake bill of a company in Mumbai.