The Income Tax Department today filed four prosecution complaints against Karti Chidambaram, His mother Nalini and wife Srinidhi in a Chennai court today. According to reports, the cases were filed under the Black Money Act.
IT dept is all set to prosecute Karti and Nalini Chidambaram under black money act over undisclosed assets abroad. IT dept has filed multiple cases against former FM’s kin
— TIMES NOW (@TimesNow) May 11, 2018
Journalist and Editor of The Daily Tribune, J Gopikrishnan has stated that the complainant in the cases is MP and legal activist Subramanian Swamy.
And the Complainant is @Swamy39 by filing the ED-IT findings of properties across 14 countries & 21 foreign bank accounts of PC family. PM ordered investigation on Swamy’s complaint. Finance Ministry was hushing up the ED-IT findings during Aircel-Maxis raid in December 2015. https://t.co/AiA33R9oIy
— J Gopikrishnan (@jgopikrishnan70) May 11, 2018
Karti was reportedly issued a summon last month under the Black Money Act regarding his assets in the UK. Karti had challenged the move. Karti was asked to depose before the investigating officers in the case under the section 50 of the Black Money Act (Undisclosed foreign assets and income). The tax department had reportedly stated that they wanted to seek details of a transaction done by Karti for a property located in Cambridge.
On May 3rd, the Madras High court had granted the Income Tax department to proceed against Karti and others under the black money act. The I-T department had sought probe against Karti and the directors of Chess Global Pvt Ltd alleging that they through a UK based company Totus Tennis Ltd and US-based Nano Holdings Ltd have made investments and acquired assets.
Karti is currently on bail in the INX Media case. He is also facing probe in the Aircel Maxis case. His interim protection from arrest was extended till July 10th by the Patiala House court.