Tuesday, October 3, 2023
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Tuesday, October 3, 2023
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ED Attaches Properties Of Worth ₹11.04 Cr Belonging To Congress MP In INX Money Laundering

In the INX money laundering case, the Enforcement Directorate (ED) attached properties worth 11.04 crore rupees on April 18 that belonged to Congress MP Karti Chidambaram.

One of the four attached assets, according to the ED, is an immovable asset that is situated in the Karnataka district of Coorg.

According to the announcement, a provisional order has been issued against Mr. Karti under the Prevention of Money Laundering Act (PMLA).

Karti Chidambaram, the MP for Tamil Nadu’s Sivaganga Lok Sabha seat and the son of former Union Minister and prominent Congress figure P. Chidambaram, was detained in connection with the INX case by both the CBI and the ED.

The complaint relates to alleged illicit benefits acquired “directly or indirectly” from INX Media Pvt Limited, for which the Foreign Investment Promotion Board (FIPB) had given its clearance when his father served as the Union Finance Minister under the UPA administration.

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