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Swamy exposes PC’s ‘hidden’ assets abroad

Wednesday, 15 March 2017 | PNS | New Delhi

Weeks after “exposing” Karti Chidambaram’s 21 secret foreign bank accounts, BJP leader Subamanian Swamy on Tuesday came out with an Income Tax investigation report which, he claimed, revealed the undeclared assets of former Finance Minister P Chidambaram at Cambridge in UK.

Addressing the media here, Swamy urged Prime Minister Narendra Modi to immediately order CBI and ED probes and attach the over Rs 10,000-crore worth assets acquired abroad by former Finance Minister’s family.

Releasing his seven-page letter to the PM detailing the findings in the 200-page IT report, Swamy said the firms owned by Chidambaram’s son Karti got kickbacks from many companies which got FIPB clearance.

 “The Income Tax which seized the hard disks from Karti’s companies found that Chidambaram, wife Nalini Chidambaram, son Karti and his wife Srinidhi, had in 2008 jointly purchased a property and a big palatial house in Cambridge town in UK.  As per the seized Income Tax documents, the property bought by Chidambaram and family is at : 5, Holben Close, Cambridge, U.K. CB237AQ. This huge property and home was purchased from Edmund Suley Holt and Heather Holt,  and the money for the purchase was  drawn from Karti’s personal account in London’s Metro Bank account number  16714313.

“Chidambaram never declared this property in any of his mandatory affidavits as candidate for elections to Lok Sabha or Rajya Sabha  or as MP or Minister. Karthi also not declared this,” Swamy stated in his letter. He said Chida-

mbaram only declared the portion of the property in Cambridge in Nalini’s name and hide his and son’s portions.

 Swamy also brought out the details of agreement signed by Russian Bank Nazprom with Karti’s firm Advantage Strategic Consulting Private Limited (ASCPL). As per the agreement, Karti’s firm will get five per cent commission from the Russain bank for its transactions with Indian Overseas Bank. This is a clear case of corruption as the deal was signed when Chidam-

baram was Finance Minister, said Swamy, accusing certain officials in the Finance Ministry for protecting Chidambaram family. 

The documents unearthed by Income Tax shows that Karti’s firm ASCPL received money from many companies when their FDI investment files were with FIPB and CCEA during Chidambaram’s tenure as Finance Minister.

“The companies, which transferred money to Karti’s ASCPL are Claris Life Sciences, INX Media, Diageo Scotland Limited, which acquired fugitive Vijay Mallya’s UB Spirits, Katra Group, Arcelor Mittal-linked Saksoft, and Reflections belonging to Spark Capital Advisory Private Limited,” said Swamy releasing the findings of the Income Tax Report. 

 
 
 

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