Former Union minister P Chidambaram’s son Karti is likely to face more trouble as the Enforcement Directorate (ED) is all set to file a case of money laundering against him and INX media, according to Indian Express report. It has been learned that the case will be filed under sections of the Prevention of Money Laundering Act (PMLA) in connection with alleged irregularities in the grant of FIPB approval to the company to get foreign direct investment (FDI). “We have received the CBI FIR and a case of money laundering will soon be registered,” senior ED official was quoted as telling Indian Express.
Karti has so far rejected all charges and said the ‘drama is now over’. “Whatever I heard is only from the media. Nothing of substance. All charges on me are completely bogus and I will stand vindicated one day,” Karti told the media. The Central Bureau of Investigation had on Tuesday raided Karti’s residences and did not rule out questioning former Union Finance Minister P Chidambaram either.
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According to reports, CBI had registered the case against Karti and INX Media based on ED’s reference. The ED is already investigating a company associated with Karti in connection with the Aircel Maxis deal and FDI inflow into Vasan Healthcare. It had also found documents related to the INX Media FDI inflow during searches, according to Indian Express report.
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Apart from conducting raids at premises linked to Karti, CBI had also searched the residence of Peter Mukerjea and Indrani Mukerjea among 14 locations spread across Mumbai, Chennai and Delhi NCR in connection with the case.
According to Indian Express report, the CBI FIR alleged that INX’s FDI inflow had been initially flagged by FIPB for irregularities and it had sought clarification from the media house. However, after it roped in a company owned by Karti Chidambaram for consultancy, its fresh proposal was approved by FIPB “by virtue of influence exercised over them by Karti P Chidambaram”, the CBI FIR says. The charges include criminal conspiracy, cheating, taking gratification in order by corrupt or illegal means to influence public servant and criminal misconduct. The case has been registered under section 120-B r/w, section 420, section 8 and section 13(2) r/w and 13 (1) (d) of Indian Penal Code (IPC), according to ANI report.