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ED Issues Notice To Karti Chidambaram For Alleged Forex Violations

Mon, Apr 17, 2017, 03:10 PM
The Enforcement Directorate(ED) has issued a show-cause notice to Karti Chidambaram, the son of the former Union minister P Chidambaram over alleged forex violations to the tune of Rs 45 crore. The Enforcement Directorate(ED) suspected the violation of FEMA by Karti Chidambaram and others. It is alleged that the showcase notices were issued for selling the shares illegally to the foreign companies. It is also alleged that Karti P Chidambaram appears to be the controller and ultimate beneficiary in these transactions. Watch the video.
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