INX Media case: ED attaches properties belonging to Karti Chidambaram, others

Karti Chidambaram had earlier alleged that the BJP-led Centre has been carrying out a politically motivated vendatta against his family.

Updated on: Apr 18, 2023, 21:13:12 IST

By HT News Desk | Written by Snehashish Roy

Prefer HTon Google

Share via

Copy link

The Enforcement Directorate (ED) on Tuesday attached assets worth ₹11.04 crore belonging to Congress MP Karti Chidambaram and others in connection with alleged INX media money laundering case. The seized assets include both movable and immovable properties in Karnataka's Coorg district, according to a statement.

Also read: On video of Rahul Gandhi 'ignoring' Karti Chidambaram, Cong says, ‘How jobless’

“During investigation, it was revealed that illegal gratification (proceeds of crime) was received directly and indirectly from INX Media Pvt Ltd, to which accused P Chidambaram granted FIPB (Foreign Investment Promotion Board) approval via shell companies controlled/beneficially owned/used by another accused, Karti Chidambaram,” ED said in a statement.

The Congress MP is the son of former Union finance minister and veteran Congress leader P Chidambaram.

The ED investigation started after the Central Bureau of Investigation (CBI) registered a complaint against P Chidambaram where it was contended that he ‘misused his official position’ when he was a Union minister, along with his son Karti, to grant approval to foreign direct investment (FDI) to INX Media and INX News Pvt Ltd in lieu of ‘illegal gratification’ in India through offshore payments. In an FIR, CBI alleged irregularities in the FIPB in allowing INX Media to receive offshore funds to the tune of ₹305 crore in 2007. It led ED to lodge a money-laundering case.

Also read: Ranchi land scam case: ED summons IAS officer Chhavi Ranjan for questioning

Earlier, the former Union minister was arrested by CBI in the case in August 2019. The ED arrested him in the same year in October. He got bail in both cases.

Karti Chidambaram had earlier alleged that the BJP-led Centre has been carrying out a politically motivated vendatta against his family.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.