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Karti dares govt, CBI in SC to reveal his undisclosed assets

Press Trust of India  |  New Delhi 

Karti Chidambaram, son of former Minister P Chidambaram, today dared the and the to provide a list of his undisclosed assets, as alleged by the agency in the Supreme Court, terming the charges as "wild and reckless".

Karti's challenge came after the told the apex that it has furnished details about his "possible transactions" in foreign countries and 25 alleged offshore properties in a sealed cover.

The affidavit filed by Karti before a bench of Chief Justice and Justices A M Khanwilkar and said if he was found guilty of possessing undisclosed assets, then he would give them to the

Maintaining that "the wild and reckless" allegations were being made against him, he said "my father, my mother, my wife and I are assessees for many years. All our assets and liabilities are fully disclosed."

"If the or any of its agencies is of the view that any one of us has undisclosed assets anywhere in the world, I would like to ask the government to make a list of those alleged undisclosed assets and we will execute any document necessary to transfer those assets (allegedly undisclosed) in favour of the government so that the government will become the owner of those alleged undisclosed assets," he said in the affidavit.

"This should put and end to the wild and reckless allegation that I own undisclosed assets," Karti said.

The CBI's FIR, lodged on May 15, had alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to the INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti's father was the Union Minister.

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

First Published: Mon, September 11 2017. 20:22 IST