Did someone from the Finance Ministry tip off Karti about ED’s move to attach property?

Some in the Finance Ministry of India appear to be moles of the previous Finance Minister P Chidambaram

Many in the Finance Ministry of India appear to be moles of the previous Finance Minister P Chidambaram
Some in the Finance Ministry of India appear to be moles of the previous Finance Minister P Chidambaram

The Enforcement Directorate (ED)’s press release explains the attachment of Rs. 1.16 crores worth bank balances and Fixed Deposit of Karti in Aircel Maxis scam. It also exposes the fact that someone leaked the agency’s move to attach the apartment owned by him in Gurugram. It is certain that people and friends of P Chidambaram in the Finance Ministry must have leaked ED’s move to attach the highly valued apartment owned by Karti.

By early 2016, the joint raid of ED and IT’s Chennai unit had unearthed the illegal properties amassed by Chidambaram family members including Karti in 14 countries.

As per Karti’s 2014 Lok Sabha election affidavit, he owns a posh apartment (#1122, Golf Links, Gurugram) and its value is shown as Rs. 7.8 crores. ED’s statement says that this apartment buying was also part of the corruption activity as it was rented to a Multi-National Company which got Foreign Direct Investment (FDI) approval during father Chidambaram’s tenure in Finance Ministry in 2013.

ED says Karti, who bought this posh apartment in 2013, sold out when the agency started actions. “Investigations further revealed that a property acquired in Gurgaon (Gurugram) by Karti which had been rented to a Multi-National Company to whom FDI approval had been granted in 2013. However, the property was disposed of by Karti who also closed certain bank accounts and attempted to close other bank accounts in order to frustrate the process of attachment,” said the ED statement.

This statement of the ED clearly exposes the fact that certain moles in the Finance Ministry must have alerted the agencies action to attach the highly priced Gurugram property under government circle rates. Normally, ED is reporting to Revenue Department under Finance Ministry under Arun Jaitley, who himself is a good friend of Chidambaram. It is a known secret that still many friends and moles are out to help the former Finance Minister Chidambaram.

The probe in Aircel-Maxis case involving Chidambaram’s role in dubious FIPB approval has always faced roadblocks from a big coterie of the pro-Chidambaram gang in the Finance Ministry (Salt does have its value!).  Even the Central Bureau of Investigation (CBI)’s Joint Director Ashok Tewari IPS who summoned Chidambaram in December 2014 had to face unceremonious exit from the organization. Tewari was shunted out from the CBI by the then Chidambaram friendly CBI Director Anil Sinha. Ashok Tewari is now Managing Director of Road Transport Corporation in Himachal Pradesh.

ED’s Investigating Officer Rajeshwar Singh was also shunted out by Chidambaram in 2013, even after he was absorbed to the organization by UPSC. Even during NDA regime, then Revenue Secretary Shakti Kanta Das played all tricks and even lied in the Supreme Court to remove Rajeshwar Singh from ED and pack him to UP Police Service. This blatant fraud was committed by top persons in Finance Ministry when the case was directly monitored by Supreme Court. After BJP Subramanian Swamy’s petition, the SC had ordered to absorb Rajeshwar Singh in three working days in September 2014. (Link: Indian Express report.)

By early 2016, the joint raid of ED and IT’s Chennai unit had unearthed the illegal properties amassed by Chidambaram family members including Karti in 14 countries. PGurus have reported the details of these properties and 21 foreign bank accounts of Karti and his firms in a detailed article titled as Chidambara Rahasya. This exposé shows that the family amassed more than Rs. 5000 crores worth assets in 14 countries. And all details can be got only through custodial interrogation of Chidambaram and son Karti, who still evades CBI and ED even after Supreme Court’s rebuke.

Based on Subramanian Swamy’s complaint in this regard, Prime Minister in June 2017 ordered the Central Board of Direct Taxation (CBDT) to probe this issue under new Black Money Act and Benami Act. With all details in hand provided by ED and IT’s Chennai Unit, CBDT, which controls the Income Tax (IT) is still moving at a snail’s pace. The main reason for the delay is due to the reluctance of senior officials in CBDT to act against their former boss Chidambaram. It is high time the Finance Minister Arun Jaitley intervenes and order these pliant officers to act to implement Prime Minister’s stern direction.

If you are rolling your eyes, thinking nobody will get prosecuted, ponder this. Prime Minister Narendra Modi intervened in mid-2015 and has directed ED to move swiftly. Seeing the leak of ED’s move to attach Karti’s highly priced Gurugram property, it is clear that there are several moles of PC in the Finance Ministry, who are still thriving.

Team PGurus

18 COMMENTS

  1. I just don’t understand this funda of tipping of the Chors. Isn’t it commonsense that when your black deeds are out in the open you get alert and start moving or diluting known assets. You get ample time to do that, see for the SWISS BANK accounts, do you think that money is still there in those accounts. Surely not. So what’s this fuss. The firs and foremost thing that ED needs to do is freeze all the assets and accounts until the case is resolved. Just like how a passport gets revoked if you are facing a trial.

  2. It’s obvious to all except those in the establishment sleeping with eyes open.Enough moles & vested interests of culprits/criminals within the set up;doubting whether present Govt CANNOT or WILL NOT punish the CORRUPT AT HIGH PLACES.

  3. Sir, In India, the ‘High and Mighty’ are above the Law of the Land. Pardon my cynicism, but NOTHING IS GOING TO HAPPEN to the P.C. FAMILY. There are enough ‘SAKUNIS’ in the Fianance Ministry. And for all his rhetoric, NaMo can do nothing. Sorry state of affairs. Cry the Beloved Country.

  4. Sir, In India, the ‘High and Mighty’ are above the Law of the Land. Pardon my cynicism, but NOTHING IS GOING TO HAPPEN to the P.C. FAMILY. There are enough ‘SAKUNIS’ in the Fianance Ministry. And for all his rhetoric, NaMo can do nothing. Sorry state of affairs. Cry the Beloved Country.

  5. I fail to understand that why was Subramaniam Swamy not made as Finance Minister despite having fittest qualification & experience. Mr. NaMo, time for your action.

    • My personal view; PM does not like him because he is not a sycophant like the others who stand in a Queue to get something. He speaks the truth with facts. PM does not want somebody to come in front of the TV camera except him. PM shine will go away if Dr. Swamy comes into the race.

  6. AJ is in the payroll of Sonia & is acting as a TROJAN HORSE inside NDA
    The whole world is aware of this but Modi isn’t !

    Pawar & family looted the entire Maharashtra & was instrumental in mass suicides of farmers by acting as agent of Bt for Monsanto. Ajit Pawar has the patent of a Monsanto Bt Variety.
    Almost the entire 90000 cr spent by Maharashtra – on irrigation & water management – in the last decade has been siphoned by this family. The situation has become so alarming that people in the in the entire interior Maharashtra people block the ROUTE TRAINS to obtain the TOILET WATER from trains.
    But for Modi, Pawar is a National Hero!!

    Chidambaram should have been arrested – immediately after the Govt formation – on the basis of criminal affidavits filed by 2 IT Commissioners implicating him in 2G+Monely laundering in collusion with NDTV.
    But even today the FATHER SON DUO are cocking a snook at our investigating agencies.

    It seems Modi himself is under black mail by AJ & UPA gang,

  7. The biggest mole is Jaitaly himself! He is the culprit ! Why should our Prime Minister #NarendraModiji is tolerating this abettor of corrupt Chidambaram and his son Karti. Narendra Modiji should concentrate on cleansing the Finance Ministry and throwing all the moles of the lootere gangsters of the erstwhile UPA regime.

  8. As long as A J is there Chiddu has nothing to fear. Middle class has lost faith in Modi for his lack of interest in convicting the UPA corrupt. 2019 it will be a repeat of 2004. Long live the corrupt.

  9. Yes…
    Modi ji should be stern in dealing with these people…
    Because escape of these kinda people be it admk ministers, former Congress ministers, former DMK ministers, Rama Mohan Rao , Maran brothers etc… Will only lead to bad name for bjp…
    Jaitley ji shouldn’t think about friends when it comes to corruption…
    He should do his duty sincerely bowing only before god and the central government because of whom he has got this ministry…
    Friends come only next to law

  10. I have been shouting from rooftops for a long time that Arun Jaitley is the biggest problem in Modi govt. He will not allow Modi’s anti corruption measures to succeed at any cost

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