INX Media Case: P Chidambaram Appears Before Enforcement Directorate

News World India | 0
| January 7 , 2019 , 16:04 IST

Former Finance Minister P Chidambaram on Monday in New Delhi appeared for questioning before the Enforcement Directorate (ED) in connection with the INX Media money laundering case for giving a Foreign Investment Promotion Board (FIPB) clearance to the group in 2007.

This is the second time that the senior Congress leader has deposed before the agency in the case. Earlier on December 19, Mr Chidambaram was grilled with questions by the financial-probe agency for over eight hours in connection with the case for the first time.

Last month, the Delhi High Court extended the interim protection from arrest granted to Chidambaram on his pleas seeking anticipatory bail in the case lodged by both the ED and the CBI till January 15.

The ED had questioned Chidambaram's son Karti Chidambaram in the INX Media case in the past and he was arrested on February 28, 2018, later granted bail.

Registering a PMLA case in this deal on the basis of a CBI FIR, the ED had alleged that irregularities took place in the FIPB (Foreign Investment Promotion Board) clearance to INX Media for receiving overseas funds to the tune of ₹305 crore in 2007 when Chidambaram was the Union Finance Minister.