Aircel-Maxis case: Enforcement Directorate attaches Karti Chidambaram's assets, bank accounts

Aircel-Maxis case: Enforcement Directorate attaches Karti Chidambaram's assets, bank accounts”

Sleuths of Enforcement Directorate (ED) attached assets worth Rs 1.16 crore of former finance minister P Chidambaram son's Karti Chidambaram and a firm allegedly linked to him in connection with money laundering probe in Aircel-Maxis deal on Monday.

It has been learnt that Karti's fixed deposits worth Rs. 90 lakh have also been attached, the report says.

ED also found that a company promoted by Karti and P Chidambaram's nephew A Palaniappan allegedly received $2 lakh from the Maxis Group in the guise of software consultancy, reported ANI.

The ED also alleged that Karti had "disposed" off 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.

During investigation, the Enforcement Directorate found that Foreign Investment Promotion Board (FIPB) approval given by P. Chidambaram in Aircel-Maxis case was beyond his mandate. "It cleverly skirts the issue of jurisdiction of the ED when the only charge sheet filed in the case (Aircel-Maxis) has been quashed by the Special Judge", he said.

"However, the approval was granted by the then Finance Minister (P Chidambaram). In Aircel-Maxis, FIPB officials have recorded statements before CBI that approval given was valid".

The agency, in its investigation, also claims to have discovered that the amount for FIPB approval was incorrectly projected to hide the facts. "I will not be intimidated", Chidambaram said, adding that suitable action in accordance with law will be taken as and when the attachment order is served.

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