P Chidambaram summoned by CBI in INX Media case on June 6

  • Munish Pandey
  • Delhi
  • June 1, 2018
  • UPDATED 19:29 IST

HIGHLIGHTS

  • CBI has summoned P Chidambaram in connection with the INX Media Case
  • His son had been arrested in the case in February
  • Karti had taken money to procure a clearance for INX Media when his father was finance minister
Former Union Finance Minister P Chidambaram. (Photo: Reuters)

HIGHLIGHTS

  • CBI has summoned P Chidambaram in connection with the INX Media Case
  • His son had been arrested in the case in February
  • Karti had taken money to procure a clearance for INX Media when his father was finance minister

In a development which can have far-reaching political implications, former Finance Minister and senior Congress leader, P Chidambaram has been summoned by the Central Bureau of Investigation (CBI) in connection with the INX Media case. A top government source told India Today that, "P Chidambaram has been asked to appear before the CBI on June 6, 2018."

The CBI had arrested P Chidambaram's son Karti Chidambaram in connection with the case on February 28 for allegedly taking money to facilitate the Foreign Investment Promotion Board (FIPB) clearance for INX Media in 2007, when his father was the Union finance minister in the UPA government.

Karti was later granted bail.

INX MEDIA CASE

INX Media, which was once owned by Peter and Indrani Mukerjea - prime suspects in the money laundering case - had shown a transaction of Rs 10 lakh named against Advantage Strategic Consulting Pvt Ltd. as management consultancy charges towards a Foreign Investment Promotion Board (FIPB) notification and clarification.

Incidentally, the firm is indirectly owned by Karti Chidambaram.

CBI has allegedly said that Karti took money from INX Media and used his influence and power to manipulate a tax probe against the company regarding a case of violation of FIPB conditions to get an investment from Mauritius.

The Enforcement Directorate (ED) had registered a case under the Foreign Exchange Management Act (FEMA) for diverting foreign direct investments by three Mauritius based companies in INX Media to its step down subsidiaries without prior approval of the FIPB.

READ: P Chidambaram cant be arrested in INX Media or Aircel-Maxis deal case

WATCH:INX Media case: CBI grills Karti Chidambaram, Indrani Mukerjea

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