Karti Chidambaram
Karti Chidambaram

ED questions Karti in INX media money laundering case

Agency News

New Delhi, Feb 7 : Karti Chidambaram, son of former union minister P Chidambaram, was questioned by the Directorate of Enforcement (ED) on Thursday in the INX media money laundering case.

Karti appeared before the probe agency at Jamnagar House here at 11 AM.

According a source in ED, Karti Chidambaram was summoned to record his statement under Prevention of Money Laundering Act (PMLA).

In May 2017, the central financial probe agency had filed a money laundering case against Karti Chidambaram, INX Media and its directors Indrani Mukerjea and Peter Mukerjea.

The agency accused Karti Chidambaram’s company of receiving a bribe of Rs 10 lakh to help INX Media escape punitive action for taking Rs 305 crore in foreign funding in 2007 despite having clearance from the Foreign Exchange Promotion Board for only Rs 4 crore when his father P Chidambaram was Finance Minister at that time.

In the same case, ED has also sent notice to Mr P Chidambaram and has asked him to dispose before the agency on Friday, a senior official said on condition of anonymity.

The probing agency has also sent notice to Karnataka Congress leader D Shivakumar under PMLA, the source added. ED filed a case under PMLA against Mr D Shivakumar in connection with alleged tax evasion and hawala transactions on September 18, 2018.

The Income Tax Department had filed a complaint after the recovery of Rs 8.59 crore in cash at four Delhi properties, during searches on nearly 60 premises linked to him and his associates in August 2017. (UNI)