My Business Fully Compliant With Laws, Says Karti Chidambaram

Chennai: Karti Chidambaram, allegations against whom led to stalling of Parliament, today said his business is fully compliant with all laws and regulations of the country and rejected charges of money laundering.

Following allegations in a newspaper he had built a huge business empire for himself, Mr Karti Chidambaram, an AICC member and son of former Union minister P Chidambaram, said "my business are fully compliant with all the laws and regulations."

In a statement, he said, "One newspaper has made allegations against me, which have been adequately refuted in the past. Myself and my business are fully compliant with all laws and regulations."

The daily had alleged that he had built a "huge business empire for himself in different parts of the world and that this had come to light through documents recovered during raids by Enforcement Directorate and investigation wing of Income Tax in a scam case".

Later, Mr Karti Chidambaram told reporters that "All my businesses are completely compliant. All filings are up to date. All statutory regulatory filings are completely upto date. That is all I have got to say."

"If I am compliant, I can't be money laundering," he said.

Both Houses of Parliament were adjourned today following ruckus by AIADMK members who demanded action against Mr Karti Chidambaram over the allegations.