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CBI raids Mukerjeas' Mumbai home

IANS  |  Mumbai 

As part of its raids on the premises of former Union Minister P. Chidambaram and his son Karti in Chennai, the on Tuesday raided the Worli home of former barons, Peter Mukerjea and his wife Indrani, both currently in jail facing a trial.

The action followed a FIR lodged on Monday alleging that Karti could have been a beneficiary of Rs.3.5 crore by helping clear a FIPB proposal of the Mumbai-based company INX Ltd - owned by the Mukerjeas - when Chidambaram was the union Finance Minister.

According to the FIR, invoices of around Rs 3.5 crore were allegedly raised by INX Ltd favouring companies in which Karti had "sustainable interests" either directly or indirectly.

In 2007, the FIPB had cleared the INX when it was run by the Mukerjea couple, before they sold it off, and now it is known as 9X

The FIR has named the then INX directors Indrani and Peter Mukerjea, currently accused in the sensational Sheena Bora case of April 2012 and remain in custody since August and November 2015 respectively.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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