Karti's assets frozen: I will not be intimidated, says P Chidambaram
Karti Chidambaram's assets frozen
The ED said a firm named Advantage Strategic Consulting Private Limited linked to Karti has been unearthed.
The Enforcement Directorate(ED) has attached Karti Chidambaram's assets worth Rs 1.16 crore in connection with the Aircel-Maxis money laundering case.
The Central Bureau of Investigation(CBI) had on Friday told the Supreme Court that it had issued a lookout notice against Karti Chidambaram, son of former finance minister P Chidambaram as he apparently wanted to travel abroad to close his foreign bank accounts.
The Enforcement Directorate said it had issued an order under the Prevention of Money Laundering Act (PMLA) to attach Karti's assets "in the form of fixed deposits and balance in saving bank account to the tune of Rs 90 lakh approximately."
The ED also said a firm named Advantage Strategic Consulting Private Limited (ASCPL) linked to Karti has been unearthed. The firm's Rs 26 lakh fixed deposits has also been attached as the ED investigation team found out that it was being "controlled" by Karti through another person.
Former finance minister P Chidambaram hit out against the ED saying the allegations in the press note were a "crazy mixture of falsehoods and conjectures".
"The press note is intended to intimidate me and to silence my voice. I will not be intimidated,"Chidambaram said.
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"As and when the attachment order is served, suitable action will be taken in accordance with law,"Chidambaram added.
The ED also informed that Karti had "disposed" offa property in Gurugram and had "closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment" under the PMLA.
Last month, the CBI had questioned Karti for the second time in a corruption case of alleged clearance given to a media group owned by Peter Mukerjea and his wife Indrani for bringing foreign funds into their venture.
Three suspected associates of Karti, Bhaskar Raman, Ravi Vishwanathan and Mohanan Rakesh were also questioned in connection with the case, the sources said.
The agency examined him in connection with a Foreign Investment Promotion Board (FIPB) clearance given to media group INX Media for receiving funds from Mauritius when his father P Chidambaram was the Union finance minister.