The Supreme Court on Friday will continue hearing the case against former union minister P Chidambaram's son Karti Chidambaram, who is alleged to have done irregularities in the Foreign Investment Promotion Board (FIPB) clearance for INX media.
The FIR lodged by the Central Bureau of Investigation (CBI), on May 15, alleged that Karti illegally took service charges for getting the FIPB clearance when his father P. Chidambaram was the finance minister.
Earlier, the Supreme Court had refused Karti to move abroad and made it clear that he cannot leave India.
On August 18, the top court had directed Karti to appear before the probe agency for questioning in the case.
On May 16, the CBI raided Karti's residence, along with 13 other locations in New Delhi, Gurugram, Mumbai and Chandigarh.
The raids were regarding a 2007 case, in which INX Media had allegedly paid bribes to get an FIPB approval.
An FIR was filed against Karti, Indrani Mukherjee and Peter Mukerjea, who owned INX media.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)