Former finance minister P. Chidambaram has offered to give the government for Re 1 any undisclosed assets associated with his son Karti if it could come up with such a list.
“The allegation that he has undisclosed assets is preposterous, malicious and totally false,” Chidambaram said in a statement on Sunday, responding to allegations against his son.
“If the government is of the view that Karti Chidambaram has undisclosed assets, I would ask the government to make a list of such alleged undisclosed assets. Karti Chidambaram will voluntarily execute any document necessary to transfer those assets (allegedly undisclosed) to the government for a nominal consideration of Rupee 1. Let the government become the owner of the alleged undisclosed assets.”
Chidambaram asserted that Karti ran a legitimate business, apart from managing inherited property. The former minister said his son had been an income-tax assessee for many years and had regularly filed his returns, including a statement of assets and liabilities, every year.
“All his assets and liabilities have been duly disclosed in his tax returns. He has no undisclosed asset anywhere. He and his business are fully compliant with the laws and regulations of the income tax department and of all other regulatory authorities concerned. The allegation that he has undisclosed assets is preposterous, malicious and totally false.”
Chidambaram alleged that Karti was being targeted only because “he is my son and the real target is me”.
Stating that he understood the political motive behind the accusations, he said he had nothing but pity for those who made false accusations. “Ultimately, truth will prevail.”
The Centre has vowed a thorough probe into Karti’s alleged undisclosed assets after the issue was raised in Parliament by the AIADMK last week. Enforcement and IT officials had searched the offices of Karti and some business associates last year.
Refer: http://www.abplive.in/india-news
“The allegation that he has undisclosed assets is preposterous, malicious and totally false,” Chidambaram said in a statement on Sunday, responding to allegations against his son.
“If the government is of the view that Karti Chidambaram has undisclosed assets, I would ask the government to make a list of such alleged undisclosed assets. Karti Chidambaram will voluntarily execute any document necessary to transfer those assets (allegedly undisclosed) to the government for a nominal consideration of Rupee 1. Let the government become the owner of the alleged undisclosed assets.”
Chidambaram asserted that Karti ran a legitimate business, apart from managing inherited property. The former minister said his son had been an income-tax assessee for many years and had regularly filed his returns, including a statement of assets and liabilities, every year.
“All his assets and liabilities have been duly disclosed in his tax returns. He has no undisclosed asset anywhere. He and his business are fully compliant with the laws and regulations of the income tax department and of all other regulatory authorities concerned. The allegation that he has undisclosed assets is preposterous, malicious and totally false.”
Chidambaram alleged that Karti was being targeted only because “he is my son and the real target is me”.
Stating that he understood the political motive behind the accusations, he said he had nothing but pity for those who made false accusations. “Ultimately, truth will prevail.”
The Centre has vowed a thorough probe into Karti’s alleged undisclosed assets after the issue was raised in Parliament by the AIADMK last week. Enforcement and IT officials had searched the offices of Karti and some business associates last year.
Refer: http://www.abplive.in/india-news