ED attaches Rs 1.16 crore assets of Karti Chidambaram


New Delhi: The Enforcement Directorate (ED) today 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 has accused Karti of having received monetary compensation in lieu of favours granted by his father to multi-national companies during his tenure as Finance Minister.

Karti Chidambaram is the son of former Finance Minister P Chidambaram and has denied allegations of corruption and money-laundering.

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.

Last week, the CBI told the Supreme Court that a lookout notice -which alerts airports to stop a passenger from traveling abroad- is required against Karti Chidambaram because he has been using foreign trips to delete bank accounts in which he stashed kickbacks.

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