ED takes probe against Karti Chidambaram abroad
Bengaluru, May 23: There is more trouble ahead for Karti Chidambaram, son of former Union Minister, P Chidambaram.
The Enforcement Directorate is taking the probe against companies linked to Karti abroad and has already sought information on the financial transactions.
The probe in question relates to firms namely West Bridge and Advantage Sequoia and allegations are that shares had been procured at throw away prices. The ED had conducted a series of raids in this regard.
The Enforcement Directorate which also probes money laundering charges has now asked for information from abroad regarding the financial transactions. South Africa, Greece, UK, UAE, France, Malayasia and Singapore are the countries from where the ED has sought information.
Karti has always maintained that there has been no wrong doing and all the information will be provided when asked for.
The ED says that it is studying the manner in which the money had been moved around. The agency says that to find the exact trail, information from the above mentioned countries are needed.
This will give us a fair idea of the financial dealings, the ED official also pointed out.