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Chidamabaram son's assets worth over Rs 1 cr attached
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IANS | 25 Sep, 2017
The Enforcement Directorate (ED) on Monday said it has attached Rs
1.16-crore worth of assets belonging to Congress leader P. Chidambaram's
son Karti who is being probed for recieving alleged kickbacks in
getting FIPB clearance in the Aircel Maxis deal when his father was
union Finance Minister.
According to an ED official, the probe
agency has issued a provisional attachment order under the Prevention of
Money Laundering Act (PMLA) and bank accounts and fixed deposits worth
Rs 90 lakh were attached after he tried to "sell most of his assets and
close certain bank accounts". "During investigation, it was
found that the FIPB (Foreign Investment Promotional Board) approval
given in the Aircel Maxis case was given by former Finance Minister P.
Chidambaram beyond his mandate," the official said.
The official
said that fixed deposits worth Rs 26 lakh issued in the name of
Advantage Strategic Consulting Private Limited (ASCPL) were also
attached.
ASCPL is said to be linked to Karti who "controlled" it through another person.
The
FIPB approval was supposed to go to Cabinet Committee of Economic
Affairs, however, Chidambaram approved it on his own and the amount for
FIPB clearance was wrongly projected to conceal the facts.
"During
investigation, it was found that a company promoted by Karti and A.
Palaniappan, nephew of Chidambaram, allegedly received two lakh dollars
from Maxis Group in the guise of software consultancy."
The official said Karti recently sold a house in Gurgaon that the ED was planning to attach.
"This house was given on rent to a company that was granted FIPB approval by P. Chidambaram."
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