Following the Central Bureau of Investigation (CBI) charge sheet and the attachment of properties in India and abroad, the Enforcement Directorate (ED) on Tuesday charge-sheeted former Finance Minister Chidambaram and son Karti for money laundering in the INX Media bribery case. The charge sheet filed before Special Judge Ajay Kumar Kuhar detailed money laundering of Karti and his companies from the bribe money of INX Media of around Rs. Five crores and proceeds of crime leading to the purchase of shares in Vasan Eye Care Group and making huge profits and purchase of properties abroad. ED in October 2018 attached Karti and his firms’ properties in Delhi, Ooty, London, and Tennis Academy in Spain worth Rs.54 crores. These properties are expected to fetch more than Rs.200 crores in the market today.
The INX Bribery case was found by the ED during its joint raid with the Income Tax Department at Karti’s firms in connection with the Aircel-Maxis scam in December 2014. The raid was conducted by ED’s Joint Director Rajeshwar Singh and unearthed a huge list of properties in 14 countries and 21 undeclared foreign bank accounts by Chidambaram family. PGurus have detailed these assets in an article titled ‘Chidambara Rahasya’.
The bribe-giver Indrani has already confessed and turned approver in the INX Media case. In the INX Media case, after the arrest of Karti, Chidambaram also spent 106 days in CBI, ED custody and jail. For getting bail from courts Chidambaram even lied that he is facing very peculiar diseases like Crohn’s disease and his advocates pleaded before courts that these diseases may lead to heart attack and cancer.
In the CBI case, Chidambaram and Karti are charge-sheeted along with many IAS officers. As per CBI cases accused people charged under the Prevention of Corruption Act and Indian Penal Code provision face punishment that ranges from six months to seven years. The trial has started in this case. The ED Chargesheet under Prevention of Money Laundering Act envisages imprisonment of between three to seven years.
Chidambaram and son Karti are already charge-sheeted by the CBI and ED in Aircel-Maxis scam. The agencies sought more time from the Court to give more evidence. Chidambaram’s wife Nalini also has been charge-sheeted in the Sarada Chit Fund scam in a court in Kolkata. Karti and his wife Srinidhi are also facing an Income Tax charge sheet in Chennai’s Special Court.
 ED attaches Rs.54 crores worth assets of Karti Chidambaram in the INX Media bribery case – Oct 11, 2018, PGurus.com
 Chidambara Rahasya – Details of huge secret assets & foreign bank accounts of Chidambaram family – Mar 15, 2017, PGurus.com
 INX Media bribery case – Bribe giver Indrani turns Approver – Jul 4, 2019, PGurus.com
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