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The Supreme Court has begun proceedings in the money laundering case against Karti Chidambaram. The court issued a notice based on a petition filed by the Enforcement Directorate (ED), which is contesting an order from the Delhi High Court. The High Court had previously stayed trial proceedings, but the Supreme Court has not stayed this order.
The ED’s investigation, initiated in March, is related to allegations of corruption concerning foreign investment approvals through the FIPB. The investigation, conducted under the PMLA, also implicates ASCPL, its associates, and others. The ED has been given four weeks to respond to the notice issued to Karti Chidambaram.
