Personal Life & Political Career
Karti Chidambaram (born November 16,1971) is an Indian politician and businessman. He is a youth leader and member of the Indian National Congress party.
In 2015-16, New Indian Express and other newspapers discovered their hidden ownership of an extensive international network of companies. Government agencies have been investigating when the transactions of these companies are part of an extensive investigation of corruption.
Karti Chidambaram refuted these accusations stating that the government can confiscate anything that is not revealed. P Chidambaram also protested the allegations presented by CBI and asked the agency to provide evidence of undisclosed assets.
Political career
After graduation, he returned to Tamil Nadu where there had been political turmoil. P Chidambaram had separated from Congress and formed his own political party called Congress Jananayaga Peravai. Karti Chidambaram became a member of the Jananayaga Peravai Congress and served as the electoral manager of P Chidambaram in Sivaganga. In 2014, Karti Chidambaram challenged the success of India's general election on a congressional ticket from the Sivaganga Lok Sabha constituency.
Personal life
Karti Chidambaram is married to Dr. Srinidhi Rangarajan, a dancer from Bharathanatiyam and a doctor who works with Apollo hospitals. They have a daughter, Aditi Nalini Chidambaram. He is an avid tennis player who won many tournaments.
Other activities and memberships
Karti Chidambaram has been associated with tennis for more than three decades. He is the General Secretary of the Tennis Players Association of India (ITPA). He has held the position of President of the Organizing Committee of the Chennai Open and was Vice President of the All India Tennis Association. He is currently the Vice President of the Tennis Association of Tamil Nadu.
He is also president of the Tenpin Bowling Federation of India and head of the Indian Karate-Do Federation. He is a member of India's inaugural class Leadership Initiative (ILI) of the Aspen Institute, president of Asia 21 India Chapter of The Asia Society, co-founder of Chennai Chapter of the Young Entrepreneurs Organization and co-founder of www.karuthu.com (a "Online public opinion forum").
Karti Chidambaram is the Founder and Coordinator of G67, a platform of aspiring, educated and aspiring youth from Tamil Nadu (born after 1967) to express their opinion and defend relevant social causes.
Court cases
It is alleged that Chidambaram is involved in the case of Aircel-Maxis and Sequoia Capital. The CBI investigated the role of former Finance Minister P Chidambaram in the acquisition of the telecommunications operator Aircel by Maxis. The investigative body discovered that the minister of finance and the ministry secretary withdrew an investment of up to Rs 6 billion. Maxis' investment in Aircel at that time was Rs. 30 billion. Therefore, the ministry and FIPB had the legal hand to liquidate the investment.
In April 2015, the Execution Directorate (DE) registered the offices of Sequoia Capital India in Bengaluru, the Indian subdivision of an investment fund based in Mauritius, in connection with an investigation by Vasan Healthcare Group, partly owned by Karti Chidambaram. It was suspected that Sequoia was abusing India's direct investment policy.
It was reported on August 25, 2015, that the ED had convened two directors of Advantage, Vishwanath Ravi and C.B.N. Reddy, to be questioned in Delhi under the Law on the Prevention of Money Laundering. They were questioned in connection with the Aircel-Maxis case, a corruption scandal that began with a 2011 complaint by the owner of Aircel, a communications company, which said it had been presented to sell its stake in its company to Maxis, an information firm. The ED said that it would later convene Karti Chidambaram himself in relation to the case.
In a series of articles published in September and October 2015, the New Indian Express accused Karti Chidambaram of being the secret owner, or perhaps co-owner of his father, of an extensive international network of companies. On September 17, 2015, the newspaper reported that Advantage had purchased shares of Vasan Eye Care at a reduced price and then sold the shares with large profits. The name of Karti Chidambaram was mentioned in connection with these transactions. On September 21, Karti's father, Chidambaram denied, or a person between his family and Vasan and threatened to sue the newspaper. On October 23, the Express produced a tax return that supports its claims. In February 2017, Judge OP Saini annulled the Aircel-Maxis case. Special judge O P Saini said that the court "does not hesitate to register any prima facie case that guarantees" the filing of charges against those of the defendants in the case of Aircel Maxis.
On December 1, 2015, the Income Tax Department and the ED entered the offices of Vasan and Chidambaram. The next day, Karti Chidambaram's father said: "We have made it clear, repeatedly, that no member of my family has any economic or patrimonial interest in any of the companies that are being attacked ... I condemn the attempt to link them to Si December 16, 2015, the ED relied on Karti Chidambaram's laptop and files, echoed his father's defense and said: "The boy said he was investigating a transaction between Karti Chidambaram and Aircel that there was a place before before "the approval of this last company by the Board of Promotion of Foreign Investment.
On February 29, 2016, the Pioneer newspaper reported that Karti Chidambaram was involved in extensive international business activities, many involving several tax havens. Recent documents discovered showed that Karti Chidambaram had "built a massive empire for himself through investments in real estate and other financial businesses around the world." The new evidence revealed commercial details in London, Dubai, South Africa, the Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Islands, France, USA. UU UU., Switzerland, Greece and Spain. It was reported that Karti Chidambaram had been especially enriched between 2006 and 2014, the period in which his father was Minister of Finance and Minister of the Interior.
It was further disclosed that Advantage Singapore, a subsidiary of Advantage, owned the following: 88 acres in Surridge Farm, Somerset; Cambridge, based at Artevea Digital Ltd .; a majority stake in Lanka Fortune Residents, which in turn owned several hotels; three farms and vineyards in South Africa; land in Thailand; part of Full Innovations, Ltd .; based on BVI; a residential apartment in Malaysia; Coffee Coffee Day franchises in Malaysia; a subsidiary based in Barcelona, ??Advantage Estrategia Esportiva SLU; and a substantial percentage of the Pampelonn Organization in France.
On March 1, 2016, the upper chamber of the Indian parliament, the Rajya Sabha, rose up after the AIADMK party demanded that it take action against Karti Chidambaram for its commercial activities. On March 2, 2016, Karti Chidambaram repeated his claim that he was not a shareholder or director of Advantage and that he knew nothing about Sequoia. On April 19, 2016, ED entered Sequoia, which had paid Advantage Rs 8,500 per share for 30,000 shares of Vasan that Advantage had acquired at Rs 100 per share. On April 26, 2016, New Indian Express reported that Advantage actually paid only one third, or 33 rupees per share, of the registered cost of 100 rupees per share for the shares. Then he had sold 60,000 shares of Vasan to Sequoia, taking Rs. 7,500 per share for the first 30,000 shares and an unknown sum for the other 30,000 shares. The ED believed that Karti Chidambaram was at the center of these transactions.
Also on April 26, 2016, the Express showed that the Chidambarams owned Advantage through what is known as "benami" or "front-men" arrangements. The evidence took the form of identical wills, written by Karti Chidambaram, signed by four members, and executed on June 19, 2013, in which the members of the front left their shares of Advantage to the daughter of Karti Chidambaram and appointed Karti Chidambaram as executor. The wills left 60% of Advantage Strategic to the family of Chidambaram, and the rest to Ausbridge Holdings, which at that time owned two thirds of Advantage. 95% of the shares in Ausbridge had been owned by Karti Chidambaram until 2011, but in that year "it got hot" and he transferred his shares to Mohanan Rajesh, from whom he had purchased Ausbridge. The rest of the shares in Advantage had been delivered to the four "benamis," or frontman: C.B.N. Reddy, Padma Viswanathan, Ravi Viswanathan and Bhaskararaman.
It was reported on May 23, 2016, that ED had collected information from the United Kingdom, United Arab Emirates, South Africa, USA. UU., Greece, Spain, Switzerland, France, Malaysia, Singapore, Thailand, Sri Lanka and the British Virgin Islands on properties and transactions of Advantage. , Sequoia, WestBridge and other companies allegedly linked to Karti Chidambaram.On July 5, 2016, Karti Chidambaram did not witness the ED. Response to an appointment regarding the Aircel-Maxis probe. The ED was investigating the requirements of the Money Laundering Prevention Law by Advantage and Chess Global Advisory Services Pvt Ltd., of which Karti Chidambaram was the director.
In June 2017, the Immigration Office issued an 'Observation Circular' (LOC). The Supreme Court of Madras maintained the COL against Karti Chidambaram, stating that the issuance of the circular the day after issuing a citation was not justified. This was in response to a joint request from Karti Chidambaram, C.B.N. Reddy, Ravi Visvanathan, Mohanan Rajesh and S. Bhaskararaman, who received the circular. The petition indicated that the Center had followed a politically motivated vendetta against the petitioner's family and that the publication of the Penal Code was the latest in a series of concerted actions by central government agencies to damage the reputation of Karti Chidambaram. and discredit his father. , P Chidambaram.
In August 2017, Karti Chidambaram appeared before the CBI in relation to a case related to the approval of INX Media by the FIPB.
In 2017, Karti Chidambaram launched a campaign against corruption in elections. The campaign was launched at RK Nagar Constituency of Chennai by G67, an organization of people born after 1967. More than 500 volunteers went door-to-door in search of signatures with the commitment to refuse to accept money while voting for a particular party.While the campaign was criticized by some, several members of the opposition party demonstrated in support of it.
In February 2018, Karti Chidambaram was arrested by the CBI in a money laundering case, where he was accused of receiving Rs. 1 million money from a media company for using its influence to manipulate a tax investigation against it
