INX Media Money Laundering case: Karti Chidambaram’s name had cropped up in the case which relates to Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media when his father P Chidambaram was the Union Finance Minister during the previous UPA regime.
The court has directed him to inform the CBI about his travel plan, including the places of visit, prior to his journey, and to return to India by February 28
The Enforcement Directorate’s raids come a day after Karti, the son of former finance minister and senior Congress leader P Chidambaram, was interrogated by the agency for over 10 hours.
The ED had earlier summoned Karti Chidambaram on February 2 after which he informed them that he would be unable to depose as he had an interlocutory application pending in the Supreme Court in this case.
The CBI FIR was made out against Karti, his company Chess Management Services, the Mukerjeas (currently in jail on charges of murder of their daughter Sheena Bora), INX Media, Advantage Strategic Consulting Services and its director Padma Vishwanathan.
The corruption case pertains to grant of Foreign Investment Promotion Board clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti’s father P Chidambaram was the Finance Minister
Karti Chidambaram had appeared before the ED following summons by the agency.
The CBI had also carried out searches at the homes and offices of Karti across four cities for allegedly receiving money from the media firm owned by the Mukerjeas to scuttle a tax probe.
Terming the searches targeting his son a “comedy of errors”, Chidambaram said the officials who searched his premises were embarrassed and apologetic as they could not find anything
“I belong to the Opposition party. Let the government misuse the ED. I shall neither bend nor break and I shall continue to speak and write,” said P Chidambaram.
The Enforcement Directorate (ED) today conducted searches at 10 premises linked to Karti Chidambaram in connection with its money laundering probe in the Aircel-Maxis case.
The agency had on Thursday issued fresh summons to senior Congress leader P Chidambaram’s son for January 16 after he skipped his appearance before it in connection with the money laundering case.
The ED had registered a case under the Prevention of Money Laundering Act against Karti and others in May last year.
Official sources said Karti Chidambaram has now been called by the agency on January 16.
The agency has also summoned senior journalist Vir Sanghvi as a witness in the case.