The Supreme Court has taken cognizance of the money laundering case involving Karti Chidambaram. The court issued a notice following a petition from the ED challenging a ruling by the Delhi High Court. The High Court had previously issued an order that the Supreme Court decided not to suspend at this stage.
The ED initiated an investigation into Karti Chidambaram’s alleged involvement in March. The investigation, conducted under the Prevention of Money Laundering Act (PMLA), also involves Advantage Strategic Consulting Pvt Ltd (ASCPL), associates of Karti Chidambaram, and others. The case concerns allegations of corruption related to foreign investment approvals from the FIPB (Foreign Investment Promotion Board).