1. Two days after CBI raids, Karti Chidambaram leaves for London

Two days after CBI raids, Karti Chidambaram leaves for London

Congress leader P Chidambaram's son , Karti Chidambaram has flown to London, two days after CBI conducted raids on premises linked to him, PTI report said. As per the report, Chidambaram junior had left for London with a friend

By: | New Delhi | Published: May 18, 2017 11:10 PM
karti Chidambaram has flown to London, two days after CBI conducted raids on premises linked to him. (PTI)

Congress leader P Chidambaram’s son , Karti Chidambaram has flown to London, two days after CBI conducted raids on premises linked to him, PTI report said. As per the report, Chidambaram junior had left for London with a friend. On Tuesday, the CBI had conducted raids at premises linked to Karti Chidambaram, and INX Media-linked Peter Mukherjee. These included 14 locations in Mumbai, Chennai and Delhi NCR in connection with alleged money laundering, Indian Express said.

The agency conducted the raid an FIR was filed against Karti and INX Media among others for alleged irregularities in FIPB clearance given to the media organisation for foreign direct investment (FDI) in 2007.

The FIR alleged that INX’s FDI inflow had earlier been flagged by FIPB for irregularities and it had asked clarification from the news organisation. However, after INX roped in a company owned by Karti Chidambaram for consultancy purpose, its lasted proposal was cleared by FIPB “by virtue of influence exercised over them by Karti P Chidambaram”, the CBI FIR says.

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CBI älleged that by doing this officials “not only ignored the serious illegality on the part of M/S INX Media… but also embarked on showing undue favour to INX Group by abusing their official position”, the newspaper report added.

A payment of Rs 10 lakh through Advantage Strategic Consulting was allegedly paid. It has also alleged that it got vouchers of payments of Rs 3.5 crore from INX Media to various companies allegedly associated with Karti and “where there are common directors”, the Indian Express said.

  1. R
    regnauld
    May 19, 2017 at 1:36 pm
    The problem seems to be certain leaders only show their true colours after being elected and then the investigations take forever by that time the Bird has flown....how many times have we seen this? So the solution might be to be able to strip them of positions mid term...public flogging and hard labour community service...the fact of the matter is who can u trust..once their money is made..it's heads they win tails u loose. spite of their wrong doing many will still back them and they laugh all the way to the bank...that's the system and unfortunate truth...republic tv.mirror now and others can keep up with the exposures but at the end of the day they seem to get away...
    Reply

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