Chidambaram In Trouble: CBDT May Probe Illegal Assets 

There seems no escape for the Chidambaram family now. The illegal amassment of wealth across the globe and 21 illegal foreign bank accounts of Karti and his companies has come under the scanner of the new Black Money Act and Benami Act. The Prime Minister Narendra Modi has directed the Central Board of Direct Taxes (CBDT) to probe the matter now.

The Prime Minister’s direction is based on the three complaints filed by the Bhartiya Janata Party (BJP) leader Subramanian Swamy citing the findings of Income Tax’s Chennai Unit’s findings. The former finance minister P Chidambaram’s family has acquired properties and assets in 14 countries.

Swamy produced the findings of the 200-page report of the Income Tax Act. He has demanded that the “corrupt family” be booked under the new Black Money Act and Benami Act by Income Tax under CBDT, apart from Prevention of Corruption Act, Disproportionate Asset Case by CBI and Prevention of Money Laundering Act by Enforcement Directorate. Modi has directed Revenue Secretary and the CBDT Chairman to initiate necessary action immediately.

The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have informed the Supreme Court about initiating action against Chidambaram in Aircel-Maxis scam- which unearthed the illegal assets accumulated.