Citizens' Issues
‘P Chidambaram and his son Karti Chidambaram linked to massive pay-offs’

Karti Chidambaram got the front persons (benamis) to execute Wills where he is the beneficiary of the shares after their lifetime, according to a report in the New Indian Express

 

The New Indian Express, under the byline of S Gurumurthy, who played a lead role in the Reliance investigations of the 1980s, has published a damning expose, which claims to link former finance minister P Chidambaram and his son Karti Chidambaram to massive pay-offs through various front persons or benami names. 
 
Gurumurthy writes, “The New Indian Express has unearthed a devastating piece of evidence, which nails forever the lies of the father and son duo that Advantage Strategic Consulting Private Limited (Advantage), which has amassed huge wealth in India and in different countries, belongs not to them or their family, but to their friends”.
 
He goes on to allege that Karti Chidambaram had got the front persons (benamis) to execute Wills where he is the beneficiary of the shares after their lifetime. These Wills, were apparently found in Karti Chidambaram’s custody during joint raids conducted by the Income Tax and Enforcement Directorates.
 
Mr Gurumurthy claims to have copies of the Wills, through “confidential sources” and says that it explains how “the ownership of Advantage and its global wealth is held through benamis of Chidambaram’s family” and brings out their “illegitimate financial empire”.  
 

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COMMENTS

rajivahuja

1 year ago

I'm not surprised at all.

RAVI RAM PV

1 year ago

Doesn't matter. As with the others, they too, will get away.

TIHARwale

1 year ago

Indian law about writing a Will is very clear --that a person can make any number of Wills in his life time and the last one executed before death only holds good and the rest hold no significance in the eyes of law. Don't expect Chidambaram would be a fool to believe that the "wills" the hold will never be altered by writer of will. Gurumurthy hailing from a State where top cop name Black Pearl was notorious for planting narcotics on rivals to implicate on his masters behalf might have tried the same trick.

Leslie Menezes

1 year ago

After exposure what next. This is not something that was not known all along. What about some of the bureaucrats then in the FinMin. All of them should be nailed and hauled. But who will do it. Modi and his promise of black money is like any other manifesto

PRABAL BISWAS

1 year ago

How is the former finance minister related to VASAN EYE CARE?

Ravi Patnaik

1 year ago

The Nexus between politicians and lawyers mostly facilitates corruption. But a family of eminent lawyers who are also politicians affiliated to the ruling dispensation is surely into big money deals.
Going by Gurumurthy's revelation, the lives of those "front" people (benaami) are under serious threat!

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