Nalini Chidambaram, wife of former Union Minister P. Chidambaram, and their daughter-in-law Srinidhi on Monday appeared before the Chief Metropolitan Magistrate, Egmore, in connection with proceedings against them under the Black Money Act.
Karti Chidambaram was also cited as one of accused in the case related to proceedings initiated by the Income Tax department for failure to disclose details regarding an overseas bank account maintained in Metro Bank in U.K.
According to IT Department, Karti had not disclosed an overseas bank account he maintained in Metro Bank in UK and investments he made in Nano Holdings LLC, USA. Karti also failed to disclose investments made by Chess Global Advisory, a company co-owned by him, which amounts to an offence under the Black Money Act. The department alleged that the trio had not disclosed ₹5.37 crore worth property they jointly own in Cambridge, in UK and ₹3.28 crore worth properties in the U.S.
On Monday, CJM Malarvizhi ordered issuance of documents relating to the proceedings to Ms. Nalini and Ms. Srinidhi. Counsel for Mr. Karti submitted that his client had gone to London after getting permission from the Supreme Court. Later the judge directed Mr. Karti to appear before the court on September 3 and adjourned the matter.
