Business Standard

INX Media case: Karti sent to one-day police custody


ANI New Delhi [India]
A Delhi Court on Wednesday sent Karti Chidambaram to one-day police custody in connection with the INX Media case.
Earlier in the day, the Central Bureau of Investigation (CBI) sought 15-day custody of Karti Chidambaram in the remand application.
Earlier, another accused in the case, Indrani Mukherjea gave a statement to the CBI that Karti asked for one million USD for Foreign Investment Promotion Board (FIPB) clearance, and on this ground, the CBI sought the custody of Karti.
Karti, son of former finance minister P. Chidambaram was arrested by the CBI at Chennai airport today.
In May 2017, the Enforcement Directorate (ED) had registered a money laundering case against Karti for his role in facilitating FIPB clearance for INX Media Ltd and its directors, Peter and Indrani Mukerjea - both accused in the murder of Sheena Bora -and others.
Karti illegally took service charges for getting the FIPB clearance to the INX Media for receiving funds from abroad worth Rs 305 crore in 2007 when his father was the finance minister in the Congress-led UPA Government.

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First Published: Feb 28 2018 | 8:45 PM IST

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