'Scamster' Chidambaran Buys Tennis Club, Cottages!

The Enforcement Directorate accused former Finance Minister P Chidambaram of using funds mobilised through scams during UPA regime for purchasing a Tennis Club in Spain, Cottages in the UK and other properties abroad through his Son Karti. Investigation Agency alleges Karti bought these properties worth over Rs 54 crore by accepting bribes.

Chidambaran and his Son Karti are named as Accused in the INX Media money laundering case and Aircel-Maxis 2G Scam Case. Rs 16 crore worth Jor Bagh Bungalow in Delhi where Chidambaram stays was one of the properties attached by ED. Rs 9.23 crore fixed deposits of Karti in Indian Overseas Bank and another Rs 90 lakh in Fixed Deposit with DCB Bank were attached.

ED estimated Tennis Club in Barcelona was estimated to be worth Rs 15 crore. Karti was facing charges of raising debit notes to show fake money transactions. INX Media chief Peter Mukerjea paid Rs 3.09 crore to Karti's ASCPL which later purchased shares of Vasan Health Care. A profit of around Rs 41 crore was earned by selling some of these shares.

Enforcement Directorate is seeking the custody of P Chidambaram. Supreme Court might hear the petition related to the former Union Minister tomorrow.

    

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