ED attaches Karti Chidambaram properties worth Rs 11 crore in INX media case

CHWNNAI: The ED on Tuesday said it has attached four properties of Congress MP Karti P Chidambaram valued at Rs 11 crore, including one in Coorg in Karnataka, in the INX Media case. ED initiated action against Karti, Advantage Strategic Consulting Pvt. Ltd. (ASCPL) and others based on an FIR registered by CBI.

Reacting to the development, Karti told TOI: "No comments."

In a press release, the ED said it had unearthed illegal gratification Karti had received directly and indirectly from INX Media Pvt. Ltd to which his father P Chidambaram, also accused in the case, had granted Foreign Investment Promotion Board approval as Union finance minister. ED said this money was received in the name of providing consultancy to INX Media and was estimated to be Rs 65.8 crore.