LIVE UPDATES: CBI arrests Karti Chidambaram in INX Media money laundering case

The Central Bureau of Investigation today arrested Former Finance Minister P Chidambaram's son Karti Chidambaram in connection with INX media money laundering case. The investigating agency nabbed Karti Chidambaram at Chennai Airport on his return from London. Reports suggest that junior Chidambaram was arrested for not cooperating with the agency.

Last year in May, the CBI lodged an FIR against Karti Chidambaram for alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media. It said that INX Media received overseas funds to the tune of Rs 305 crore in 2007 when his father P Chidambaram was the Finance Minister during the then UPA regime.

Not only CBI, the Enforcement Directorate is also probing Karti Chidambaram for money laundering. Last year, the ED registered a case of money laundering against Karti under the Prevention of Money Laundering Act. The ED in its FIR said that Karti received money from INX Media in return for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board conditions to receive investment from Mauritius.

LIVE UPDATES

12:02 pm: Karti Chidambaram was destroying evidence related to INX Media case in UK: CBI sources told India Today

11:40 am: CBI claims enough proof to nail Karti in INX media case. 'Have enough documentary proof on kickback," CBI sources told India Today.

11:30 am: Karti Chidambaram is enroute to Delhi. He will be produced in Patiala House Court after 2 PM: Report

11:20 am: Karti Chidambaram's arrest is vendetta vendetta and a diversionary tactic by the Modi government to hide its scams and mal-governance: Congress

11:10 am: Scams worth over Rs 30,000 crore were unearthed in the last 10 days alone. But the Prime Minister has not moved the transition from Maun Modi to Bol Modi. The Prime Minister remains mum about hhota Modi as also Mehul Choksi: Congress' communications in-charge Randeep Surjewala.

The Enforcement Directorate had earlier summoned Karti to appear before the agency on March 1. The CBI and ED have both grilled Karti Chidambaram on multiple occasions. Reacting to Karti Chidambaram's arrest, Subramanian Swamy said that all this will lead to P Chidambaram. "P Chidambaram is the main culprit and Karti Chidambaram is a beneficiary," Swamy said.

Earlier this month, the Enforcement Directorate arrested Karti Chidambaram's Chartered Accountant S Bhaskararaman for not cooperating in the money laundering probe. The agency alleged that Bhaskararaman failed to appear before the investigating team even after several summonses were issued seeking his presence.