Former Finance Minister P.
Chidambaram's son Karti Chidambaram will be produced before the Patiala High Court on Thursday, in connection with the INX Media money laundering case.
Karti was arrested by the Central Bureau of Investigation (CBI) on Wednesday and thereafter sent to one-day police custody, as against 15 day-custody sought by the CBI.
In May 2017, the Enforcement Directorate (ED) had registered a money laundering case against Karti for his role in facilitating clearance from the Foreign Investment Promotion Board (FIPB)for INX Media Ltd and its directors, Peter and Indrani Mukerjea - both accused in the murder of Sheena Bora -and others.
Karti has been accused of illegally taking service charges for obtaining FIPB clearance to the INX Media for receiving funds from abroad worth Rs 305 crore in 2007 when his father was the finance minister in the Congress-led UPA Government.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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