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Mar 012018
 

Karti P Chidambaram Biography Family Scam Net Worth

Karti Chidambaram, former Finance Minister P. Chidambaram’s son, was officially arrested by the CBI team at Chennai Airport on 28th February 2018. He was booked on charges of illegal irregularities at the time of obtaining FIPB clearance. The clearance was done for INX Media Ltd.. The scam as per the CBI sources, involves an amount of Rs 300 cr that was done at the time of UPA government, using his fathers Political background as Finance Minister of the country.

Karti P Chidambaram Biography Family Scam Net Worth

Real NameKarti Palaniappan Chidambaram
WorkPolitician, Businessman and Advocate
Native PlaceSivaganga, Tamil Nadu
Date of birth16 /11/1971
EducationBachelor of Law (University of Cambridge)

Bachelor in Business administration (University of Texas at Austin)

Mother’s nameNalini Chidambaram
Father’s namePalaniappan Chidambaram (Former finance minister)
Relationship statusMarried
Wife’s informationSrinidhi Rangarajan (Physician at Apollo Hospitals)
Children’s nameAditi Nalini Chidambaram
Scam305 crore rupees
Scam Related toForeign direct investment
Company nameINX media Ltd.
Religion followHindu
CastBrahmin
Political partyIndian national congress (Former Member of Lok Sabha)
Net worth59 crore rupees

Who is Karti Chidambaram?

Karti P Chidambaram, is a well known name in the Indian Politics. Nick named as “Karti”, Mr. Chidambaram is a Politician first by birth. Besides, he is also a well known businessman and a graduate Lawyer by profession. In Politics, Karti has been a very supportive active member for the INC (Indian National Congress). Chidambaram was also more famous after 2014, the year when He selected to be an active member at the Lok Sabha. He was elected from the Sivaganga Constituency of the Tamil Nadu state.

Karti Chidambaram, by profession is more known for his contributions in politics and business. As for his profession, he has been associated with different firms including ASC (Advantage Strategic Consultancy), Vasan Health care group, Sequoia Capital (I), Aircel company and much more.

He also has been talk of the town in offering illegal help and financial assistance to most Business organizations and companies on the basis of his political background. Some of the activities had his involvement on account of Taxation settlements.

Birth, Education and Family

  • BirthKarti Chidambaram was born in Tamil Nadu state – Sivaganga on 16th November 1971. By calculations till 2017 Chidambaram is 46 years of age.
  • Education – His primary education was completed in Chennai – Don Bosco school, while his graduation was completed at Texas University – Austin and University of Cambridge. By qualification Chidambaram is BBA (Bachelor in Business Administration) – 1993 and Bachelors in Law studies Cambridge – 1995.
  • Family – Karti Chidambaram’s fathers name is P. Chidambaram and his mothers name is Nalini Chidambaram. They belong to a Brahmin Family and are based at Tamil Nadu. Chidambaram’s wife name is Srinidhi while his only daughters name is Aditi Nalini Chidambaram.

Karti Chidambaram Scam Case details

  • Early in 2012 May, Chidambaram was alleged for his connections with financial transactions involving Advantage Strategic Consulting and was charged for illegal transactions.
  • Later in 2014 November he was terminated from Tamil Nadu Congress for sharing sensitive party information. In 2015 April he was again booked on account of offering illegal financial assistance to Vasan Healthcare group for foreign investment policy. The funds were directed towards Sequoia Capital India.
  • Later in the year 2015 August, Chidambaram was again summoned by the ED (Enforcement Directorate) for offering his support and connection to the Aircel Maxis company.
  • In 2015 December He was again charged by the IT department and ED on account of performing illegal transactions with Aircel. Early in 2015 September he was also charged by Indian Express group for his connections with Sprawling International.
  • By 2016 February Chidambaram was also charged for his connection with numerous business activities internationally by Pioneer. Some of the involvements were reflected in Tax Havens.
  • He was also booked by Indian Express for acting as leading man and benefited from the “Benami” or making illegal arrangements.
  • In 2017 May 16th, Chidambaram was again booked by the CBI on account of Corruption and cheating grounds.
  • Recently in 2018 on February 28, the special team of CBI had arrested him at the International airport Chennai on account of Rs 305 crore scam related to foreign Direct Investments.

Net worth

As far as sources have confirmed that till present time Karti Chidambaram’s net worth is Rs 59 crore according to 2014 stats.

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