The ED had in October attached assets of Karti Chidambaram worth ₹ 54 crore under the Prevention of Money Laundering Act (PMLA). This comes just weeks after his father and senior Congress leader P. Chidambaram was granted bail in the matter following 106 days in custody. In 2018, Karti Chidambaram was arrested in the case for allegedly receiving funds to the tune of ₹ 10 lakh.
The ED said it had attached assets of “Karti P. Chidambaram and his company Advantage Strategic Consulting Pvt. Ltd (ASCPL) in the INX Media case. The assets include immovable properties in India, UK and Spain apart from deposits in banks."
Karti Chidambaram has been accused of having received the kickbacks in 2007 to clear foreign investment worth ₹ 305 crore for INX Media, which was owned by Peter and Indrani Mukerjea, at a time when P. Chidambaram was finance minister under the United Progressive Alliance (UPA) government.
The INX Media case is being probed by both the Central Bureau of Investigation (CBI) and ED. CBI had registered an FIR in May 2017 for alleged irregularities in the FIPB clearance to INX Media.