Chidambaram’s Family challenges Govt to produce a shred of evidence

Chidambaram’s Family challenges Govt to produce a shred of evidence

New Delhi, 27 Aug, 2019: A statement issued by the family of former Finance Minister P Chidambaram, now in CBI custody in connection with the INX Media case, has challenged the Government to”produce a shred of evidence in support of one undisclosed bank accounts, one undisclosed property and one shell company anywhere in the world” in which they are connected.

The case of the CBI is under the Prevention of Corruption Act over alleged irregularities in the clearance given by the Foreign Investment Promotion Board to INX Media to get foreign investment of Rs 305 crore.

It has said Chidambaram as the then Finance Minister in 2007-08 misused his office to  clear foreign investment for INX Media and as  quid pro quo made owners Peter and Indrani Mukherjee to invest in his Karti Chidambaram’s firms. The ED, probing the money laundering aspect, has charged that the Chidambarams deposited slush money in foreign accounts and got property abroad.

Vehemently denying both the charges as a campaign of calumny against Chidambaram, the family has said:” We are a small family ( Mrs Nalini Chidambaram, Karti and his wife) possessed of enough of wealth. We are all income tax assessees. We have no need to seek money in unlawful ways.”

Likewise, Chidambaram has been in public life and” his impeccable honesty, work and contribution cannot be wiped out by the campaign of vilification” that he and his family had numerous foreign accounts and property and shell companies in numerous foreign countries, the statement said

It urged the media to show restraint while reporting on" unverified and unsubstantiated allegations against Chidambaram” .  It said the rule of law “will protect all of us, including the media”.

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