• search
For Quick Alerts
For Daily Alerts

INX Media case: Karti Chidambaram grilled by ED for 10th time


New Delhi, Feb 07: The Enforcement Directorate (ED) on Thursday grilled Karti Chidambaram, son of former Finance Minister P. Chidambaram with the INX Media case. His father P Chidambaram has been summoned by the agency to join the investigation on Friday.

Karti Chidambaram

Karti has already been questioned by the ED on several occasions in the case. The Central Bureau of Investigation is also investigating the case. The agencies are probing into how did Karti manage to get clearance from the Foreign Investment Promotion Board (FIPB) in 2007 when his father was the Finance Minister.

[INX Media: Indrani Mukerjea seeks to turn approver, will court permit it?]

Karti was arrested on February 28, 2018 by the CBI for allegedly accepting money to facilitate the FIPB clearance to INX Media. He was later granted bail. Karti's chartered accountant S. Bhaskararaman was also arrested and released on bail later.

The ED has attached properties worth Rs 54 crore belonging to Karti and a firm in the case. It has also attached properties belonging to the Mukerjeas in connection with the same case.

[Only God can help you, if you play with the law, SC tells Karti Chidambaram]

According to the investigative agencies, INX Media showed a transaction of Rs 10 lakh named against Advantage Strategic Consulting Pvt Ltd, a firm which is allegedly indirectly owned by Karti, as management consultancy charges towards an FIPB notification and clarification.

It has been alleged that Karti Chidambaram took money from INX Media and used his influence and power to manipulate a tax probe against the company regarding a case of violation of FIPB conditions to get investments from Mauritius.

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more