Karti Chidambaram Arrested By CBI in INX Media Money Laundering Case

| February 28 , 2018 , 10:08 IST

The Central Bureau of Investigation (CBI) on Wednesday morning arrested Karti Chidambaram, the son of former union finance minister P Chidambaram, in connection with the INX Media money laundering case. Karti Chidambaram's chartered accountant S Bhaskararaman was arrested in the same case on Monday, and sent to a 14-day judicial custody.

Karti is accused of taking illegal service charges from INX Media to get it Foreign Investment Promotion Board (FIPB) clearance to receive funds from abroad worth Rs 305 crore in 2007 during the Congress-led UPA government when his father P Chidambaram was the finance minister.

"Karti ‘used’ his influence to manipulate a tax probe against INX Media in a case of violation of FIPB conditions to receive investment from Mauritius," CBI said.

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The case against Karti and others was filed in May last year by the Enforcement Directorate which registered an Enforcement Case Information Report (ECIR), the ED’s equivalent of a police FIR.

The CBI filed a complaint based on information regarding the alleged illegal payments made by INX media against Karti Chidambaram, INX Media and its directors, Peter and Indrani Mukherjea (who are also accused in the Sheena Bora murder case) and others.

Karti Chidambaram approached the Supreme Court last week alleging violation of his fundamental rights by the BJP-led NDA government, which he accused of misusing central agencies such as the CBI and ED to harass him and his family members. The Supreme Court refused to issue a stay order on the summons issued to Karti Chidambaram by the Enforcement Directorate in the INX Media money laundering case after the CBI said that he was “not a common criminal”.

Congress party communications in-charge Randeep Surjewala, terming the arrest as a 'diversionary tactic' slammed the Modi government for 'vendetta' against P Chidambaram.

"Classical diversionary tactic to hide Scams & Colossal Corruption that is being exposed on a daily basis,be it NiMo+Choksi,D.D.Jewellers and Rotomac. Modi Govt continues it's vendetta against Sh. P. Chidambaram. Won’t deter the Congress from bringing the truth to the people," Surjewala tweeted.