ED attaches Karti Chidambaram’s estate in Coorg district in connection with INX-Media bribery case

Despite slow action, the ED is going systematically after Karti for taking bribes in the INX-Media case

Despite slow action, the ED is going systematically after Karti for taking bribes in the INX-Media case
Despite slow action, the ED is going systematically after Karti for taking bribes in the INX-Media case

Attaching assets is fine, but when is Karti going to do jail time?

The Enforcement Directorate (ED) on Monday attached Karti Chidambaram’s estate in Karnataka’s Coorg district and three movable properties in connection with the proceeds of crime and money laundering INX Media bribery case. Karti’s father former finance and home minister P Chidambaram is also the main accused in the INX Media bribery case filed by CBI and ED. Both father and son are also accused in the Aircel-Maxis scam cases registered by CBI and ED.

According to ED, Monday’s attachment of properties is worth Rs.11.04 crore while the agency estimated Rs.65.88 crore is the total proceeds of crime in the INX-Media bribery case. The market value of this property is expected to be above Rs.35 crore.

Earlier in October 2018, ED attached Karti’s Rs.54 crore worth of immovable properties by attaching bungalows in Jor Bagh in New Delhi, Ooty, Kodaikanal, London, and the Tennis Academy in Spain. PGurus have published a detailed report in this regard by publishing photos of palatial buildings attached to the Enforcement Directorate.[1]

“Directorate of Enforcement (ED) has attached 4 properties (three movable and one immovable property located at Coorg District, Karnataka) valued at Rs.11.04 crore belonging to Karti P Chidambaram and Others in the case of INX Media Pvt Ltd and others under the provisions of Prevention of Money Laundering Act, 2002.

“Proceedings under the Prevention of Money Laundering Act, 2002 were initiated against Karti P Chidambaram, M/s Advantage Strategic Consulting Pvt. Ltd. (ASCPL), and others by the ED by recording an ECIR on the basis of FIR registered by Central Bureau of Investigation (CBI) for a commission of offenses punishable under various sections of the Indian Penal Code, 1860 and Prevention of Corruption Act, 1988.

“During the investigation conducted by ED, it is revealed that illegal gratification (proceeds of crime) was received directly and indirectly from M/s INX Media Pvt. Ltd., to which accused P Chidambaram had granted FIPB approval, through several shell companies controlled/ beneficially owned/ used by another accused Karti P Chidambaram. Illegal gratification was received in the accused’s company in the name of providing consultancy by entities from INX Media. The total proceeds of crime laundered over a period of time are Rs.65.88 crore. The money was routed to overseas accounts and investment was made in various overseas properties and shares of companies through various shell companies directly or indirectly controlled by Karti P Chidambaram and through his confidants. Further investigation is under process,” said the anti-money laundering agency in a statement on Monday.

PGurus in March 2017 published a detailed report of Chidambaram and family members’ wealth amassed through corruption, spreading in 14 countries and 21 foreign bank details. The report titled ‘Chidambaram Rahasya’ can be read here[2].


[1] ED attaches Rs.54 crores worth assets of Karti Chidambaram in the INX Media bribery caseOct 11, 2018, PGurus.com

[2] Chidambara Rahasya – Details of huge secret assets & foreign bank accounts of Chidambaram FamilyMar 15, 2017, PGurus.com

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  1. A tough task to fix him …… the only way is heavenly way….so that none in his generation can enjoy the looted wealth & it goes into sand / flood waters (unknown / unclaimed property / wealth)

  2. People coming in public life as elected representatives and those being appointed to constitutional posts should be compelled to disclose and justify all the assets including an agreement to allow any investigation of assets while in office. If the disclosure and justification of assets is honest there should be no objection any investigation while in office. This must form part of the special entitlements, since they influence so many lives. Unfortunately this will never be done by the legislature of the Judiciary.


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