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Karti Chidambaram arrested in INX Media case
Karti Chidambaram, son of former union minister, P Chidambaram has been arrested by the Central Bureau of Investigation. He was arrested in connection with the INX Media case.
The arrest was carried out when he stepped out of the British Airways flight this morning. The CBI has accused him of violating the Foreign Exchange Managament Act.
This case relates to the approval given by the Foreign Investment Promotion Board for receipt of funds to INX Media, which had happened while his father P Chidambaram was Union Finance Minister.
The Central Bureau of Investigation had issued a Look out Circular against Karti which was then challenged in the Supreme Court. The court had asked the Madras High Court to decide on the same. Recently the Madras High Court had permitted Karti to travel abroad.
Earlier this month, Karti had been directed by the Enforcement Directorate to appear before it. The agency had earlier summoned Karti on February 2 after which he informed them that he would be unable to depose as he has an interlocutory application pending in the Supreme Court in this case.
He
was
earlier
grilled
by
the
agency
in
this
case
on
January
18.
Talking
to
reporters,
Karti
had
said
that
he
told
the
investigators
what
he
had
earlier
"clearly
stated
in
his
petitions
in
the
court"
(in
the
case).
The
former
Union
minister's
son
was
referring
to
his
moving
of
various
courts,
including
the
Madras
High
Court
and
the
Supreme
Court,
in
response
to
the
ED's
action
against
him.
The central probe agency had registered the case against him and others in May last year. It had registered an Enforcement Case Information Report (ECIR), the ED's equivalent of a police FIR, against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its directors -- Peter and Indrani Mukerjea.
The ECIR was lodged under the provisions of the Prevention of Money Laundering Act (PMLA). The sources said the ED was probing the alleged "proceeds of crime" generated in this case.
OneIndia News
