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Adjudicating authority of PMLA confirms ED attachment against Karti

Press Trust of India  |  New Delhi 

The adjudicating authority of the today held that Rs 1.16 crore assets attached by the in the name of former P Chidambaram's son and a firm allegedly linked to him are involved in and ordered that the attachment of the assets should continue.

The central probe agency had provisionally attached fixed deposits and in the name of and a firm "indirectly controlled" by him in September last year.

"Adjudicating authority of confirms attachment of assets worth Rs 1.16 crore of P and in Maxis case," the central probe agency said in a statement.

The assets have been called as that involved in and the ED will soon seize them, agency sources said.

The ED, as part of the provisional order issued under the Prevention of Act last year, had attached Rs 1.16 crore worth assets "of Karti in the form of fixed deposits and balance in saving to the tune of Rs 90 lakh approximately."

It had also attached another Rs 26 lakh fixed deposits in the name of the firm (ASCPL) under the provisions of the

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

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

The agency is probing the Aircel-Maxis deal, as part of the 2G spectrum allocation case, after taking cognisance of a CBI FIR in the case. The FIPB clearance given in this case is under the agency's scanner.

The accused can appeal against this order, issued by the authority, before the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 20:05 IST