Taking cognizance of Income Tax’s chargesheet under the Black Money Act, the Special Court in Chennai has on Tuesday evening summoned tainted former Finance Minister P Chidambaram’s wife Nalini, son Karti and his wife Srinidhi. As per the summons order issued by the Chief Metropolitan Magistrate in Chennai’s court, Chidambaram’s family members have to appear in court on June 25 for amassment of illegal assets abroad in many areas like secretly owning a huge mansion in Cambridge in England and undeclared deposits in Metro Bank, London.
The corrupt family was trying various tricks to collapse and delay the Income Tax (IT) prosecution under the Black Money Act. Nalini was filing frivolous petitions in various courts against the IT Department, claiming that the agency has no authority, not delivered complaint copy, the officers have no authority under Black Money Act etc. They even filed a frivolous petition claiming that the trial court has no jurisdiction! Now the time has started ticking and the long arm of law has started catching up with one of India’s most corrupt families under the Black Money Act by the summons by the court.
The present charge sheets are for not disclosing, either partly or fully, immovable assets like the one at Cambridge in the United Kingdom worth Rs. 5.37 crores, property worth Rs. 80 lakhs in the same country and assets worth Rs.3.28 crores in the United States, said the Income Tax Prosecutors. It is learned that the Income Tax is processing cases under Black Money Act against the family’s illegal assets in 14 countries and other 20 foreign bank accounts, mostly operated by Karti linked firms.
Apart from the property in Cambridge, Karti Chidambaram’s investment of Rs.3.28 crores and Rs.80 lakhs in Nano Holdings LLC in the USA and assets and accounts in Totus Tennis in the UK also came under the charges framed by Income Tax under Black Money Act. Karti’s firm Chess Global Advisory is also caught by the Income Tax sleuths. As per the IT estimates, Chidambaram family’s illegal assets in 14 countries and 21 foreign bank accounts are expected to be worth three billion dollars. Summary of these ill-gotten assets was detailed by PGurus in an article titled Chidambara Rahasya.
Chidambaram family’s illegal assets were exposed in a joint raid conducted by the Enforcement Directorate (ED) and the Income Tax dept. in December 2015 in Karti’s firms in connection with Aircel-Maxis scam probe. The Investigating Officer Rajeshwar Singh was hunted by Chidambaram’s powerful friends and cronies in administration for this. Prime Minister Narendra Modi ordered a probe under the Black Money Act upon the complaint filed BJP leader Subramanian Swamy in March 2017. Swamy had brought out the more than 200-page Income Tax Analysis Report on the joint raid findings in the public domain exposing assets in 14 countries and 21 illegal foreign bank accounts. For more than a year this report was hushed up in Finance Ministry.
 Chidambara Rahasya – Details of huge secret assets & foreign bank accounts of Chidambaram Family – Mar 15, 2017, PGurus.com
 Swamy urges PM to prosecute Chidambaram and family under new Black Money and Benami Acts also – Mar 26, 2017, PGurus.com
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