ED registers money laundering case against Karti Chidambaram
New Delhi, May 19: The Enforcement Directorate on Friday registered a money laundering case against Karti Chidambaram, the son of former Finance Minister P. Chidambaram, on the basis of a corruption case filed by the CBI earlier this week, officials said.
"We have registered a case against Karti Chidambaram under charges of Prevention of Money Laundering Act (PMLA)," an ED official told IANS.
The ED action comes in the wake of the FIR filed by the Central Bureau of Investigation (CBI) on Monday under offences of criminal conspiracy, cheating, taking gratification by corrupt or illegal means, influencing public servants and criminal misconduct.
In the FIR Karti is alleged to have got Rs 3.5 crore from INX media, now 9X media, for helping it in the clearance of a Foreign Investment Promotion Board (FIPB) proposal when his father was Finance Minister.
The FIPB clearance was given to Mumbai-based INX Media when it was run by Peter and Indrani Mukherjea, both accused in Sheena Bora murder case.
The FIR does not mention the name of former Minister Chidambaram, though it states that he had cleared the Foreign Investment Promotion Board (FIPB) approval for Rs 4.62 crore Foreign Direct Investment (FDI) in the FIPB meeting on May 18, 2007.
Karti left for London two days after the CBI registered a case against him. His father has said he will return soon.