Foreign assets of Chidambaram's family: Congress hits back at Nirmala Sitharaman

Nirmala Sitharaman has been appointed attorney at Income Tax department Chidambaram takes a dig at Union Minister

"Therefore, I am wondering if the Congress President - who himself is also out on bail in a financial matter - will comment and tell people if he is going to investigate one of his senior leaders (Chidambaram) for not disclosing assets held overseas".

The Chhattisgarh unit of Bharatiya Janata Party has demanded action against former Union Finance Minister P Chidambaram from AICC President Rahul Gandhi after the Income Tax department filed four charge-sheets against P Chidambaram and his family members.

She added, " All of us are aware that in Pakistan due to a non-disclosure of assets held overseas, non-disclosure partly or fully of assets and income earned from overseas, the Pakistan Supreme Court had disqualified Nawaz Sharif and the parallels can not be missed out in this case", she added.

Sitharaman wanted to know if Rahul Gandhi would investigate this as he has been highlighting corruption charges against BJP leaders. It can't be an oversight.

"The Income Tax Department estimates illegal assets held by UPA's Finance Minister to be to the tune of $3 billion".

BJP president Amit Shah too posted several tweets on the chargesheets against Chidambaram and family.

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Nalini Chidambaram, Karti and Srinidhi and a firm linked to Karti (Chess Global) have been charged for allegedly not disclosing, either partly or fully, immovable assets like the one at Barton, Cambridge in the United Kingdom worth Rs 5.37 crore, property worth Rs 80 lakh in the same country and assets worth Rs 3.28 crore in the US, ITD officials had said.

Sitharaman alleged, Chidambaram didn't disclose his investments to tax authorities, violating black money law, which was brought by Modi government as part of its drive against black money and to prosecute those Indians who have secretly stashed illicit wealth overseas. "How could they indict their own selves", Shah tweeted.

Chidambaram hit back on Twitter, saying: "The president of the richest political party in India is dreaming of billions of dollars!" The charge sheets are expected to be taken up by the court on June 11.

Hours later, Chidambaram hit back at Sitharaman with a tongue-in-cheek tweet, saying that there was a buzz she would be removed from the cabinet and appointed a lawyer of the Income Tax Department.

On Saturday, the family of Chidambaram had said the chargesheets filed by the Income Tax Department against them on Friday for allegedly not declaring their foreign assets contained baseless allegations. Soon after coming to power Prime Minister Narendra Modi had made regulations in this direction, wherein, it was declared those who have black money and undeclared property can do so before September 2015.

The Income Tax served notices to Nalni, Karti and wife Srinidhi in September 2017 and all the accused approached Madras High Court for staying the Income Tax from proceedings under Black Money Act.

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