chidambaram

columbus

Well-Known Member
#1
I had a high opinion about Chidambaram as FM. Now he is no different from Nirav or Mallaya.
 
#2
I had a high opinion about Chidambaram as FM. Now he is no different from Nirav or Mallaya.
Greed has no limits....the drama created last night not allowing the investigating agencies to enter the house ...and now not cooperating with the investigating agencies is shameful for Ex senior cabinet minister and sitting MP....

Smart_trade
 

KAL.YUG

Well-Known Member
#4
I had a high opinion about Chidambaram as FM. Now he is no different from Nirav or Mallaya.

Chidambara Rahasya – Details of huge secret assets & foreign bank accounts of Chidambaram Family
Summary of the assets & foreign bank accounts of the Chidambaram family unearthed by the ITD
By
Team PGurus
-
March 15, 2017
Income Tax Dept. uneartherd the assets & foreign bank accounts of the Chidambaram family
The Income Tax’s Chennai Investigation Unit’s report having more than 200 pages about former Finance Minister P Chidambaram’s family and especially son Karti and his companies huge assets in more than 14 countries are now out in the public domain. Recently some portion of this sensitive report was exposed in public by Bharatiya Janata Party (BJP) leader Subramanian Swamy in a press conference. Many media houses whose owners are friendly and in collusion with Chidambaram tried to black out the news.

In the interest of public, we are producing the entire data of assets and bank accounts found in the joint raid of Income Tax and Enforcement Directorate.

  1. 21 foreign bank accounts by Karti and his companies in Metro Bank in UK, 4 accounts in OCBC in Singapore in the name of Advantage Strategic Consulting Pte Ltd, the controversial company caught in kickbacks in Aircel-Maxis scam, 2 banks in Spain namely Sabadell Atlantico, La Caxia Bank, HSBC UK, Barclays Bank in Monaco, Marseille BNP Paribas in France, UBS in Switzerland etc. The details list of the 21 secret foreign bank accounts unearthed by investigators are published at the end of this post.
  2. The Income Tax which seized hard disks from Karti’s companies found that P Chidambaram, wife Nalini Chidambaram, son Karti and his wife Srinidhi jointly purchased a property and a big palatial house in Cambridge in UK. As per the Income tax seized documents, the property bought by Chidambaram and family is: 5, Holben Close, Cambridge, CB237AQ. This huge property and home was purchased from Edmund Suley Holt and Heather Holt and the money was transacted from Karti’s personal account in London’s Metro Bank account number: 16714313. Chidambaram never declared this property in any of his mandatory affidavits as Member of Parliament (MP) or Minister. Chidambaram in his affidavit to Rajya Sabha in May 2016 declared only 1/3rd portion of the property as wife Nalini’s property. He also under-invoiced the value of this property of his wife’s share at just Rs.1.55 crores, while UK’s real estate websites estimate this property in Cambridge to be worth more than Rs.85 crores.
  3. Karti’s Advantage Strategic Consulting Private Limited ‘s Singapore company’s bank accounts to buy properties in UK like purchase of 88 acres farm house known as Surridge Farm in Somerset, UK. The land value shown in the registry is one million pounds.
  4. Another property in Cambridge is at Ceres, 29, Meade House at Cambridge.
  5. Chidambaram’s son Karti has built a massive empire in different parts of the world by making investments in real estate and engaging in other business activities in London, Dubai, South Africa, Philippines, Thailand, Singapore, Malaysia, Sri Lanka, British Virgin Island, France, USA, Switzerland, Greece and Spain. Most of the purchases happened during the period 2006 to 2014 when Chidambaram was Finance Minister and Home Minister. The probe agencies estimate these assets across the world are expected to be more than Three Billion Dollars. Why did the Chidambarams invest in real estate in first world countries? This post will give you a clue.
  6. Karti’s Singapore-based firm had acquired majority shares of a big resort in Sri Lanka, known as Lanka Fortune Residencies. This company owns the prestigious resorts ‘The Waterfront’, ‘Weligama Bay Resort’ and Emerald Bay Hotel.
  7. Karti’s Singapore firm routed money via Dubai to acquire three farms and vineyards in South Africa, identified as Rowey Farm in Grabouw, Cape Orchards and Vineyards Private Limited, and Zandvliet Enterprises, a wine and stud farm in Ashton.
  8. The Dubai-based Desert Dunes Properties Ltd has also investment in Karti’s Singapore-based company Advantage. The probes have unearthed a money trail of 1.7 million Singapore Dollars between these firms. Another Dubai-based company, Pearl Dubai FX LLC, also had financial transaction with Advantage. This shows that Karti linked firms have offices and assets in UAE also.
  9. The Advantage’s Ceres, 29, Meade House had entered into joint ventures with the Philippines-based companies to obtain a franchise team of International Premier Tennis League (Asia). The Philippine firms, which were engaged in joint ventures with the Karti-controlled company, are SM Arena Complex Corporation, Sports Entertainment Events Management Inc.
  10. The Advantage had also had financial transactions with another real estate company in Singapore known as Real Beyond Pte. Ltd. having three subsidiaries in Malaysia. The investigation has unearthed that these transactions led to 16 land purchases in Thailand.
  11. The Advantage’s Singapore unit has set up a firm in British Virgin Island (BVI), namely Somerset Surridge Ltd. Advantage also invested 400,000 Singapore dollars in another BVI firm known as Full Innovations Ltd. It also has financial dealing with Geben Trading Limited in BVI and offices in Switzerland. This firm’s major transactions were through the famous Swiss Bank, namely UBS. The investigators got proofs of transactions in Dollars and Euro. The Advantage also has transaction of five million Singapore dollars with another firm in Singapore, namely Unison Global Investment Ltd.
  12. The Karti-controlled company in Singapore entered into joint ventures with Gravitas Investments, Match Point International Tennis Events to buy a franchise Tennis team called ‘Manila Mavericks’. This deal was worth of 12 million US dollars and the money was paid in 10 installments.
  13. Karti’s Singapore company also acquired a residential flat in Malaysia worth 1.9 million Malaysian Ringgits from a firm called Peninsular Smart. The probe team also found some agreement papers which shows that the Advantage holds franchisees of Café’ Coffee Day in some locations in Malaysia. The investigators have found several transactions to Karti’s Singapore firm with Malaysian companies. Malaysia is the head quarters of telecom giant Maxis which acquired Aircel in 2006. The IT and ED officers seized payment details amounting to more than Rs.30 crore in foreign currencies.
  14. The Advantage in Singapore also opened a subsidiary firm in Barcelona in Spain known as Advantage Estrategia Esportiva SLU in August 2012. This is a sports academy having four acres with seven tennis courts in Spain.
  15. Karti-linked Singapore firm has also one million US dollar investment in a company in France known as Pampelonn Organisation. The Advantage also has transactions with a Greek firm known as Pisani John Sakellarios in Athens.
  16. Karti’s firm Advantage Strategic Consulting Private Limited (ASCPL) had transactions with Aircel Televentures, DCB Client, Diageo Scotland Limited, Katra Group, Sri Lanka Export Development Board, Unifi Wealth Management Ltd, VST Tillers Tractors, Carlton Trading Company, Claris Life Sciences’, ITC Centre, Best Land Realty Limited, Essar Steel Limited, Gokul Builders and Estates, S Kumar, INX Media, Reflections, Thiagarajar Mills Private Limited, Saksoft, EL Forge Limited.
  17. The Income Tax which seized hard disks from Karti’s companies also found that Karti used to get huge money as kickbacks in several Foreign Investment Promotion Board (FIPB) deals pending with father former Finance Minister P Chidambaram.
  18. On Sept 22, 2008, ASCPL received Rs.35 Lakh from INX Media (now known as News X TV Channel), which applied for FIPB clearance of 220 million dollar during the period. Same day another Rs.60 Lakh was paid from INX Media to Northstar Software Solutions Pvt Ltd. Major shares of this Northstar Software Solutions Pvt Ltd controlled by C B N Reddy, who is a Benami and Director of ASCPL and its Singapore subsidiary also. On Sept 24, 2008 another tranche of 20,000 Dollars were paid to ASCPL’s Singapore subsidiary by INX Media.

Read complete article here:
https://www.pgurus.com/chidambara-r...-foreign-bank-accounts-of-chidambaram-family/
 

columbus

Well-Known Member
#5
I can never imagine a SON like him from a soft spoken man like Chidambaram ,who once set guidelines for people as FM.
 

pannet1

Well-Known Member
#8
I can never imagine a SON like him from a soft spoken man like Chidambaram ,who once set guidelines for people as FM.
come on. you blame the son but not the father. they are hand in glove. PC used to tell people to pay his son and he inturn will misuse his power.

very shameful to think that he is from state. there are several like this. may be there is one in every state.
 
#9
very shameful to think that he is from state. there are several like this. may be there is one in every state.
Wish for every chidu, we also had one Kalam in every state . . .

Btw, guys this was the FM who introduced STT . . .

There was a joke about IRS, which we used to tell . . .
replacing P Chidambaram for IRS

The local bar was so sure that its bartender was the strongest man around that they offered a standing $1000 bet. The bartender would squeeze a lemon until all the juice ran into a glass, and hand the lemon to a patron. Anyone who could squeeze one more drop of juice out would win the money. Many people had tried over time (weight-lifters, longshoremen, etc.) but nobody could do it.
One day this scrawny little man came into the bar, wearing thick glasses, white shirt and a Lungi, and said in a tiny squeaky voice.
"I'd like to try the bet." After the laughter had died down, the bartender said OK, grabbed a lemon, and squeezed away. Then he handed the wrinkled remains of the rind to the little man.
But the crowd's laughter turned to total silence as the man clenched his fist around the lemon and six drops fell into the glass. As the crowd cheered, the bartender paid the $1000, and asked the little man.
"What do you do for a living? Are you a lumberjack, a weight-lifter, what?"
The man replied, "I am India's FM, P Chidambaram."

.
 
Thread starter Similar threads Forum Replies Date
S General Trading & Investing Chat 7