ED Says Karti Chidambaram Built An Empire While Daddy Chidambaram Was In Power

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7:27 pm 2 Mar, 2016

His woes are not likely to end anytime soon.

If the Ishrat Jahan controversy is becoming a nuisance for him, his own son’s actions are giving P Chidambaram sleepless nights.


Chidambaram Son


Raids conducted by Enforcement Directorate and Investigation Wing of Income Tax in relation to the Aircel-Maxis scam have revealed that Karti Chidambaram:


Karti Chidambaram


Between 2006 and 2014, when P Chidambaram held the posts of finance minister and home minister, Karti’s business dealings literally stretched from east to west.

The 14 places are: London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain​. His dealings include multi-million dollar real estate investments.

Now let us see Karti’s kirti:

1. His company, Advantage Strategic Consulting Singapore Ptv Ltd., owns 88 acres at Surridge Farm in Somerset, UK, worth one million Pounds.

2. Through that company, Kirti owns a huge resort in Sri Lanka which already owns many other popular resorts and hotels.

3. His company bought three farms and vineyards in South Africa, and a wine and stud farm in Ashton. Money routed via Dubai.

4. The authorities have raised flags on many other similar dealings.


Chidambaram Dad


How is Karti connected to the Aircel-Maxis scam?

  • Karti Chidambaram is a 94 per cent equity holder in Ausbridge Holding and Investments Pvt Ltd, which bought shares in Advantage Strategic Consultancy Pvt Ltd.
  • Advantage Strategic Consultancy Pvt Ltd holds Aircel.
  • Aircel was then bought by Maxis in 2006.
  • Subramanian Swamy accused Karti of giving a Rs.26 lakh loan to Aircel Televentures through ASC just before the buyout in return for a 5 per cent stake.
  • Swamy alleges that the loan amount is far lower than the book value of the shares.

Shut Mouth


And this is what has been keeping the parliament stalled.


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