February 9, 2019 11:05 AM

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INX Media: ED questions P Chidambaram in money laundering case

<span style="color: #222222;">Former finance minister P Chidambaram appeared before the Enforcement Directorate  today in connection with a money laundering probe related to INX Media.</span><br />'' <br />'' <span style="color: #222222;">The Congress leader,  who was  questioned a number of times in this case in the past, had  recorded  his statement under the Prevention of Money Laundering Act. </span><br />'' <br />'' <span style="color: #222222;">His son Karti was questioned by the agency in the same case  yesterday for about six hours.</span><br />'' <br />'' <span style="color: #222222;">The ED attached Karti's assets worth an estimated Rs 54 crore, located in India and abroad, in the case last year.</span><br />'' <br />'' <span style="color: #222222;">The ED registered the PMLA case on the basis of a CBI FIR and had alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007, when P Chidambaram was the finance minister.</span><br />'' <br />'' <span style="color: #222222;">It registered an Enforcement Case Information Report (ECIR), the ED's equivalent of a police FIR, against the accused named in the CBI complaint, including Karti, INX Media and its directors — Peter and Indrani Mukerjea.</span><br />'' <br />'' <span style="color: #222222;">Karti was arrested on February 28 last year by the CBI, the other central agency investigating the case, for allegedly taking money to facilitate the FIPB clearance to INX Media in 2007. He was granted bail subsequently.</span><br />'' <br />'' <span style="color: #222222;">The agency has alleged that Karti received money from INX Media, using his influence to manipulate a tax probe against it in a case of violation of FIPB conditions to receive investments from Mauritius.</span><br />'' 

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