ED Attaches Rs 1.16 Crore Assets, Firm Allegedly Linked To Karti Chidambaram
The agency issued a provisional attachment order under the money laundering Act.
The Enforcement Directorate attached assets worth Rs 1.16 crore of Karti Chidambaram, son of former finance minister P Chidambaram, and a firm allegedly linked to him in connection with its money laundering probe in the Aircel-Maxis deal.
The agency said that it has issued a provisional attachment order under the Prevention of Money Laundering Act attaching assets “of Karti in the form of fixed deposits and balance in saving bank account to the tune of Rs 90 lakh approximately.”
Another Rs 26 lakh fixed deposits in the name of a firm Advantage Strategic Consulting Private Ltd. has also been attached under provisions of the anti-money laundering law, said the agency.
This firm is allegedly linked to Karti and the Enforcement Directorate said it was “controlled” by him through another person.
The ED also alleged that Karti had “disposed of” a property in Gurgaon and had “closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment”.
The agency is probing the Aircel-Maxis deal after taking cognisance of a first information report filed by the Central Bureau of Investigation in the case.