The Madras High Court had on August 10 stayed the ‘look out circulars’ issued against former Finance Minister P Chidambaram’s son Karti and four others by Centre over a corruption case filed by CBI, holding that they were prima facie “unwarranted”.
The look out circular against Karti Chidambaram was issued by the Foreigner Regional Registration Officer at the Bureau of Immigration under the Ministry of Home Affairs on July 18.
The CBI FIR charged Karti, INX Media, and eight others with alleged irregularities in the Foreign Investment Promotion Board clearance given to the media house in 2007. According to investigators, an FDI proposal of the media house, involving Karti, was “fallacious” but the then finance minister Chidambaram cleared it.
Karti Chidambaram was summoned by the CBI on July 21 for questioning in connection with a Foreign Investment Promotion Board (FIPB) clearance given to media group INX Media for receiving funds from Mauritius when his father was the finance minister.
Karti Chidambaram’s examination was needed in connection with a Foreign Investment Promotion Board (FIPB) clearance given to media group INX Media for receiving funds from Mauritius when his father was the finance minister.
Earlier on June 30, Karti sought more time to appear before the Central Bureau of Investigation (CBI).
It is alleged that a firm “indirectly controlled” by him received money from INX Media, run by Indrani and Peter Mukerjea, who are in jail in connection with the Sheena Bora murder case.
The CBI had registered a case against Karti, his company Chess Management Services, INX Media, Advantage Strategic Consulting Services, its director Padma Vishwanathan and the Mukerjeas on May 15.
The CBI has filed an FIR against Karti Chidambaram alleging that he had accepted bribe from the INX Media, owned by Indrani and Peter Mukerjea, to help them evade a tax probe when P Chidambaram was finance minister.
The ED registered the case under the Prevention of Money Laundering Act (PMLA) on the basis of a corruption case the CBI had filed on Monday against Karti and the INX group.
The Indian Express looks at prominent leaders currently under investigation by CBI and ED, not counting cases that have already been committed to trial.
The ED case will be filed under sections of the Prevention of Money Laundering Act (PMLA). It will follow a case of corruption filed by CBI on Monday against Karti and the INX group.
One company official who received the summons told The Indian Express that the company has already appeared before the ED but has been unable to give details of what services these two firms — ASCPL and Chess — offered.
The Congress said “revenge has become the DNA of the BJP government”, but none of its leaders or those in the opposition would be deterred out of “fear of the politics of revenge and vendetta.”
The CBI has alleged that the INX Media’s FDI proposal was “deceitful and fallacious” but was approved by then Finance Minister P Chidambaram.