The Enforcement Directorate (ED) has attached properties belonging to Congress MP Karti P Chidambaram and others in the case of INX Media Pvt Ltd and under the provisions of PMLA, 2002.
The one immovable and three movable properties are located in Karnataka’s Coorg district and are valued at Rs 11.04 crore.
ED has attached 4 properties (three movable and one immovable property located at Coorg District, Karnataka) valued at Rs. 11.04 Crore belonging to Karti P Chidambaram and others in the case of INX Media Pvt Ltd and others under the provisions of PMLA, 2002.— ED (@dir_ed) April 18, 2023
A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued against Karti, the statement said.
Karti, son of former union minister and senior Congress leader P Chidamabaram, is a sitting MP from Sivaganga Lok Sabha seat in Tamil Nadu. He was arrested earlier 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.
(With PTI inputs)
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