ED attaches assets of Karti Chidambaram worth Rs. 45 crore

ANIMESH SRIVASTAVA 11/10/2018 13:18 PM

New Delhi, Oct 11: In the INX Media case, the Enforcement Directorate has attached properties of Karti Chidambaram worth Rs. 54 crore and a company in India, Spain and the United Kingdom.

The properties attached includes an agricultural land in Kodaikanal, bungalows in Ooty, land and property in Delhi’s Jorbagh, a house, cottage, stone barn and land in the U.K and a tennis club and land in Barcelona.

Fixed deposits worth Rs. 90 lakh in the company’s name and Rs. 9.23 crore in the name of Karti has also been attached.

An ED official said, “The attachments include assets belonging to Mr. Karti-controlled company Advantage Strategic Consulting Private Limited (ASCPL).” 

The agency further added that they have identified payments of Rs. 3.09 crore made by Mr. Mukerjea to Advantage Strategic Consulting Private Limited and associated entities “controlled” by Mr. Karti Chidambaram through “manipulated” debt notes and ASCPL earned Rs. 18.49 crore from sale of shares n another company for an amount of Rs. 29.49 crore. 

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