INX Media: ED charges Chidambaram, others with money laundering of Rs 65 cr

ED chargesheet revealed that Rs 65 crore worth of properties involved in money laundering by Advantage Strategic Consultancy Pvt Limited (ASCPL).

More trouble seems to be in store for former finance minister P Chidambaram and his son Karti Chidambaram as the Enforcement Directorate (ED) in its prosecution complaint commonly known as chargesheet revealed that properties worth Rs 65 crore was involved in money laundering by Advantage Strategic Consultancy Pvt Limited (ASCPL). 

The company, which was beneficially owned by Karti Chidambaram, was used to deposit proceeds of crime and later laundered by investing in shares of two entities—Vasan Healthcare and AGS Health. 

ED in the chargesheet said that ASCPL had raised invoices in the garb of services to INX Media and collected proceeds of crime