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Aircel-Maxis case: ED attaches Rs 1.16 cr assets of Karti Chidambaram

ED has attached firm allegedly linked to him in connection with its money laundering probe in the Aircel-Maxis deal

Press Trust of India  |  New Delhi 

Karti Chidambaram
Karti Chidambaram, son of former Union minister P Chidambaram. (Photo: PTI)

The ED today attached assets worth Rs 1.16 crore of Karti Chidambaram, son of former finance minister P Chidambaram, and a firm allegedly linked to him in connection with its money laundering probe in the Aircel-Maxis deal.

The agency said it has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) attaching assets "of Karti in the form of and balance in saving bank account to the tune of Rs 90 lakh approximately."


The central probe agency added that another Rs 26 lakh in the name of a firm Advantage Strategic Consulting Private Limited (ASCPL) has also been attached under provisions of the anti-money laundering law.

This firm is allegedly linked to Karti and the said it was "controlled" by him through another person.

The ED also alleged that Karti had "disposed" of a property in Gurgaon and had "closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment" under the PMLA.

The agency is probing the Aircel-Maxis deal after taking cognisance of a CBI FIR in the case.

First Published: Mon, September 25 2017. 14:27 IST
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