Members of All India Anna Dravida Munnetra Kazhagam (AIADMK) stalled proceeding in both the houses of Parliament on Tuesday demanding action on former finance minister P Chidambaram’s son Karti Chidambaram who has allegedly indulged in money laundering.
According to an English news daily ThePioneer, Karti has invested in several real estate ventures based on investigations conducted by Enforcement Directorate (ED) and the income tax department. However, Karti released a press statement refuting the allegations made by the newspaper.
“One newspaper, which hardly has any circulation, has made allegations against me, which have been adequately refuted in the past. Myself and my business are fully compliant with the laws and regulations,” he said in the statement.
Newspaper reports said that the investigation agencies would contact their counterparts in the foreign countries in an attempt to expose more details on Karti’s investments.
“All my business is completely legal and my filings are up to date. How can I be a money launderer if I have everything on record,” he told ThePioneer.
ED had earlier raided companies owned by Karti. In 2012, union minister Subramanian Swamy had accused him of misusing his father’s position for business benefits.
Karti was also accused of receiving huge profits when he sold his telecom company Aircel.
