INX case: ED attaches Karti Chidambaram’s 6 properties in UK, Spain and India

New Delhi: The Enforcement Directorate (ED) on Thursday attached six properties worth Rs 54 crore belonging to Karti Chidambaram and Advantage Strategic Consulting Pvt Ltd (ASCPL) in the INX media money laundering case. The properties attached are spread across UK, Spain, New Delhi and Tamil Nadu.

The agency attached the properties under a provisional order from the Prevention of Money Laundering Act (PMLA) in Kodaikanal, Ooty and New Delhi.

P Chidambaram gets protection from arrest

“We have attached six properties of Karti worth Rs 54 crore,” a senior official of ED told news agency IANS.

The properties attached include a cottage worth Rs 8.67 crore in the UK’s Somerset, a tennis club and land located in Spain’s Gava worth Rs 14 crore, land and properties worth Rs 16 crore in New Delhi’s Jor Bagh area a bungalow in Tamil Nadu’s Ooty worth Rs 50 lakh and another one worth Rs 3.75 crore in Ooty and an agricultural land worth Rs 25 lakh in Kodaikanal.

In pics: Karti Chidambaram’s luxurious properties 

The ED has also attached properties belonging to Peter and Indrani Mukerjea in connection with the same case.

What is INX case?

Former Union Finance Minister P. Chidambaram’s son Karti Chidambaram is facing probes by the ED and the Central Bureau of Investigation (CBI) in several cases, including alleged irregularities in the Foreign Investment Promotion Board clearance to then INX Media for FDI in 2007 and the Aircel-Maxis case in 2006 and a money laundering case.

The ED and the CBI are probing how Karti managed to get clearance from the Foreign Investment Promotion Board (FIPB) when his father was in office.

Karti was arrested on February 28 by the CBI for allegedly taking money to facilitate the FIPB clearance to INX Media in 2007. He was later granted bail.


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