Business Standard

INX Media case: Chidambaram questioned for 5 hours by ED

IANS  |  New Delhi 

Former was on Friday questioned for over five hours by the (ED) in a probe related to Media.

He was questioned over a (FIPB) clearance that he had given to the group in 2007.

Chidambaram arrived at the Jamnagar office at 11.05 a.m. and was quizzed for over five hours till 5 p.m.

He was allowed to step out for lunch for an hour.

This is the third time that the former was grilled by the ED in the last two months.

According to the ED officials, Chidambaram was asked about his meetings with Media directors Peter and and how clearance to Media was given instantly for receiving overseas funds to the tune of Rs 305 crore in 2007, when he was the

He was questioned under the Prevention of Act (PMLA), officials said.

On January 21, the (CBI) which is also probing the case, sought prosecution sanction against the the senior from the Centre.

On Thursday, the ED questioned his son for over six hours. Karti has been questioned earlier on several occasions.

Both the agencies are probing how Karti managed to get clearance from the FIPB in 2007 when his father held the Finance Minister portfolio.

The ED probe so far showed that for the FIPB approval, directors Peter and met so that there was no hold-up or delay in their application.

The ED has attached properties worth Rs 54 crore belonging to Karti and a firm in the case. It has also attached properties belonging to the Mukerjeas.

The ED last year had attached his son's properties worth Rs 54 crore located in and abroad as part of its probe into the case.



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

First Published: Fri, February 08 2019. 19:48 IST