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 Televenutres, 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.
19.) On Sept 26, 2008, ASCPL had a money transaction of 50,000 dollars with Geben Trading Limited in Athens in Greece. This company’s address is 4 Zaf.Matsa Street, 14564 Athens, Greence and incorporated in British Virgin Islands (BVI). The money transactions of ASCPL also show to
Geben Trading’s bank account in UBS, Geneva in Switzerland. The emails of banking transaction details were marked to Karti also and documents shows about a
business takeover of healthcare and rehabilitation centers in Greece. All these transactions happened during the INX Media’s Foreign Direct Investment (FDI) approvals for 220 million dollar were pending with Karti’s father Finance Minister P Chidambaram. In short, the
murder accused Peter and Indrani Mukherjea who sold their INX Media paid around 9 crores rupees to Karti linked firms for FIPB clearance.
20.) In August 2008, Karti’s Singapore company got
60 lakh shares in the media firm Network 18’s London based company Artevea Digital UK This deal happened when Network 18 applied for a series of FIPB clearances, when Chidambaram was the Finance Minister. This led to around
25 crores kickback for processing the FIPB clearance.
What do you mean "Fresh" investigations ? These are the findings of the "fresh" and ONLY investigations done on P Chidambaram by the IT & ED agencies by the Modi govt.
Too bad you think these are "jumlas". Let me guess, you voted for the congress in kerala
21.) The documents unearthed by Income Tax shows that
ASCPL received money from
many companies when their FDI investment files were with FIPB and Cabinet Committee on Economic Affairs (CCEA) during Chidambaram’s tenure as Finance Minister. The companies which transferred money to Karti’s ASCPL are.
1. Claris Life Sciences,
2. Diageo Scotland Limited which acquired fugitive Vijay Mallya’s UB Spirits,
3. Katra Group,
4. Arcelor Mittal linked Saksoft,
5. Reflections belong to Spark Capital Advisory Private Limited.
As per the Income Tax Analysis Report,
all these deals involve around Rs. 500 crores kickback to Karti linked companies for necessary FIPB and CCEA clearances during Chidambaram’s period in Finance Ministry.
)
Diageo’s emails thank Karti for fixing appointment of company owner Lord Blyth with Prime Minister Manmohan Singh, Finance Minister Chidambaram. The thanking email also attached the 15,000 dollar pay out receipt as Service Charges for fixing appointments with PM and FM. This is a clear case of abuse of power initiating case under Prevention of Corruption Act.
... i.e. Modi and his core group of ministers. 
