INX money laundering case; ED attaches Karti Chidambaram's properties

NEW DELHI: Enforcement Directorate attached properties of Congress MP Karti Chidambaram in INX money laundering case. Karthi is the Congress MP from Sivaganga and the son of former Union Finance Minister P Chidambaram. ED has seized properties worth Rs.11.04 crore.

When P Chidambaram was the finance minister during the UPA government, money laundering was done by allowing foreign investment in a media company and this case is known as INX Money Laundering Case. The investigation team says that Chidambaram received bribes by allowing foreign investment and the ED probe found that direct and indirect remuneration was received from INX Media Group.

P Chidambaram was arrested by the CBI in August 2019 in the case and the ED also arrested him in the same case in October. Chidambaram was later granted bail in both cases. In 2017, the CBI and the ED filed a case for money laundering following allegations of irregularities in the FIPB clearance given to INX Media Group to receive foreign funds worth Rs 305 crore in 2007.