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INX Media PMLA case: ED attaches Karti's assets worth Rs 54 cr in India, UK, Spain

Press Trust of India  |  New Delhi 

The Thursday said it has attached assets worth Rs 54 crore of Karti Chidambaram, son of former Minister P Chidambaram, in India, UK and in connection with the Media case.

The central probe agency issued a provisional order under the Prevention of Act (PMLA) for attachment of Indian assets in Kodaikanal and Ooty in and a flat in Delhi's Jorbagh.

A cottage and house in Somerset in UK and a tennis club located in Barcelona, have also been attached as part of the same order, the agency said.

Fixed Deposits worth Rs 90 lakh, kept in a in Chennai, in the name of (ASCPL) have also been attached, it said.

The assets are in the name of Karti and ASCPL, the firm allegedly linked to him, it said.

"The attached assets collectively amount to Rs 54 crore," it said.

The ED had registered a PMLA case in this deal case on the basis of a CBI FIR and had allegedthat irregularities took place in the FIPB clearance to Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when his father P Chidambaram was the Union minister.

The ED had grilled Karti in this case in the past.

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

First Published: Thu, October 11 2018. 11:30 IST
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