Moneycontrol PRO
HomeNewsPoliticsED attaches Congress MP Karti Chidamabaram's properties worth Rs 11.04 crore

ED attaches Congress MP Karti Chidamabaram's properties worth Rs 11.04 crore

The ED said that out of four attached properties, one is an immovable asset located in Coorg district of Karnataka.

April 18, 2023 / 20:19 IST
Enforcement Directorate (ED)

Enforcement Directorate (ED)

The Enforcement Directorate (ED) on April 18 attached properties to the tune of Rs 11.04 crore belonging to Congress MP Karti Chidambaram in the INX money laundering case, an official statement said here.

The ED said that out of four attached properties, one is an immovable asset located in Coorg district of Karnataka.

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued against Karti, the statement said.

Karti Chidamabaram, son of former union minister and senior Congress leader P Chidamabaram, is a sitting MP from Sivaganga Lok Sabha seat in Tamil Nadu and was arrested in the INX case both by the CBI as well as the ED.

The case pertains to alleged illegal gratification received "directly or indirectly" from INX Media Pvt Limited to which Foreign Investment Promotion Board (FIPB) approval was granted during the tenure of his father as Union finance minister in the UPA government.

PTI
first published: Apr 18, 2023 08:19 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347