My business fully compliant with laws: Karti Chidambaram rubbishes allegations of money laundering

Chennai: Karti P Chidambaram, allegations against whom led to stalling of Parliament, on Tuesday said his business was fully compliant with all laws and regulations of the country and rejected charges of money laundering.

Karti Chidambaram. Image courtesy: @KartiPC/Twitter

Karti Chidambaram. Image courtesy: @KartiPC/Twitter

Following allegations in a newspaper he had built a huge business empire for himself, Karti, an AICC member and son of former Union Minister P Chidambaram, said "my business are fully compliant with all the laws and regulations."

In a statement, he said, "one newspaper has made allegations against me, which have been adequately refuted in the past. Myself and my business are fully compliant with all laws and regulations."

The daily had alleged that he had built a "huge business empire for himself in different parts of the world and that this had come to light through documents recovered during raids by Enforcement Directorate and investigation wing of Income Tax in a scam case".

Later, Karti Chidambaram told reporters that "all my businesses are completely compliant. All filings are up to date. All statutory regulatory filings are completely upto date. That is all I have got to say," he said.

"If I am compliant, I can't be money laundering," he said.

Both Houses of Parliament were adjourned on Tuesday following ruckus by AIADMK members who demanded action against Karti over the allegations.


Updated Date: Mar 01, 2016 16:33 PM

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