ALSO READINX media case: I will be vindicated eventually, says Karti Chidambaram INX Media case: Karti confronted with Indrani for 4 hrs at Mumbai prison INX media: CBI takes Karti Chidambaram to Mumbai, to face Indrani Mukerjea Karti Chidambaram owes his rise and troubles to his parent's high profile INX media case: Karti Chidambaram approaches SC to travel abroad again
Former finance minister P. Chidambaram's son, Karti Chidambaram, on Sunday rebuffed the allegation levied on him in the INX Media case as 'politically motivated.'
"Karti will be confronted with both of them separately in Mumbai. Karti Chidambaram was brought to Mumbai due to the course of the investigation. Before his custody gets over, the CBI wants to collect all evidence against him," source of the CBI told ANI.
In May 2017, the Enforcement Directorate (ED) had registered a money laundering case against Karti for his role in facilitating Foreign Investment Promotion Board (FIPB) clearance for INX Media Ltd and Peter and Indrani.
Karti illegally took service charges for getting the FIPB clearance to the INX Media for receiving funds from abroad worth Rs. 3.05 billion in 2007 when his father was the finance minister in the Congress-led United Progressive Alliance (UPA) government.