ED attaches Karti’s assets worth Rs 54 cr in India, abroad

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New Delhi: The Enforcement Directorate Thursday said it has attached assets worth Rs 54 crore of Karti Chidambaram, son of former Finance Minister P Chidambaram, in India, Spain and the UK in connection with a money laundering case related to INX Media, an action termed “bizarre and outlandish” by him. The agency issued a provisional order under the Prevention of Money Laundering Act for attachment of farm land and bungalow in Kodaikanal and Ooty in Tamil Nadu and a Rs 16-crore flat in south Delhi’s posh Jorbagh locality which is in the name of Karti and his mother Nalini. Karti, the ED said, has a 50 per cent share in this property. In the UK, the ED attached Rs 8.67 crore cottage and house in Somerset and a tennis club valued at Rs 14.57 crore in Spain.