 "CBI) officials arrest Congress leader P Chidambaram from his Jor Bagh residence in New Delhi on Wednesday | Photo: PTI")
Investigation by probe agencies has revealed irregularities in foreign investment clearances given by former finance minister P Chidambaram to four other companies, besides INX Media group and Aircel-Maxis, according to officials in the know.
Evidence collected by the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) indicates kickbacks received by shell companies allegedly floated by the former FM’s son Karti P Chidambaram when approvals were granted by the erstwhile Foreign Investment Promotion Board (FIPB).
Other four firms which are under the scanner are Diageo Scotland, Essar Steel, Katara Holdings and Elforge Ltd. These firms were granted FIPB approval when
