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[1].
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[2].
References:
[1] Chidambara Rahasya – Details of huge secret assets & foreign bank accounts of Chidambaram Family – Mar 15, 2017, PGurus.com
[2] 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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I get a feeling that the finance minister Arun Jaitley is protecting Chidambaram for whatever good reasons he may have. This will defeat all the purpose of Modis fight against corruption. High time Modi directly intervenes and takes action as per the advise of Subramanyam Swamy. Chidambaram and family have looted the country and have become corrupt due to their association with Congress.
Precise valuable data.I get a scary feeling that for reasons unknown Modi Government is not acting, swiftly.Time running out with elections round the corner.Act it must to put the crooks behind bars,in the National interests& In its own interests of coming back to power to cleanse the indian politics of corruption.This is the mandate on which Modi &BJP were elected.Letting down people would be historical blunder wrought with dangerous consequences for India.
It is now 2018.
Not 2015.
Why is Modi government not acting?
Team PGurus should clarify: (1) What does this SPECIAL court mean? (2) Does this SPECIAL imply this court will EXCLUSIVELY hear such cases? (3) Will it be a FAST TRACK COURT? (4) If it is NOT an FTC, can somebody move the HC or SC to make it FAST TRACK? If such cases are are conducted like in normal Civil Courts, even 25th Century will not witness the verdict of this case
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Obviously, like in the NH case, Pati-Patni-Beta-Bahu quad will now move the Madras HC to quash the summons.
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Madras HC will take a year or two to decide the legality of these summons
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The quad will approach the SC with same plea if Madras HC is not benevolent
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The corrupt Mafia quad will ensure the summons are not services for another one decade
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60-70% of the Judges in HCs & SC are in the PAYROLL of corrupt UPA Mafia
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Observe how even after 3 years the crux of the matter has not even been taken for discussion/argument in NH Scam
Great news !!
Chidambaram is Anti India n anti Hindu person !!
Directly involved in conspiracy to physically eliminate present PM of India ,he supported Islamic assassins in Gujarat !!
Allowed huge black money influx via Participatory Notes , inflating economy free for all without any real benefit to India !!
Need to be put behind bars for long time !!
Give this family an inch they will take it by the yard. Dangerous combination of husband and wife.