INX Media scam: P Chidambaram facing threat of arrest in same case in which son Karti was jailed last year

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Updated: August 21, 2019 9:04:53 PM

The scam drew the attention as other high profile accused in the same case are jailed-media baron Peter Mukerjea and his wife Indrani.

Congress leader P Chidambaram, p chidambaram, inx media caseCongress leader P Chidambaram

The INX Media case, in which senior Congress leader P Chidambaram is facing threat of arrest, is the same scam in which his son Karti was in jail for 23 days before being granted bail by the Delhi High Court.

The scam also drew the attention as other high profile accused in the same case are jailed-media baron Peter Mukerjea and his wife Indrani.

Both of them are in jail in connection with the murder of Sheena Bora, who was Indrani’s daughter from her previous marriage.

Karti’s arrest was made on the basis of a statement of Indrani — former Director of INX Media (P) Ltd — to ED, where she had said that the couple had acceded to Karti’s demand of USD 1 million for allegedly fixing the violations made in the FIPB clearance.

Indrani had on July 11 turned approver in the CBI case.

The names of the couple had cropped up in the case involving Rs 305 crore relating to Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media.

Karti Chidambaram, elected MP from Shivaganga, Tamil Nadu, is on bail in the case granted by the Delhi High Court on March 23, 2018.

CBI had registered an FIR in the case on May 15, 2017 alleging irregularities in the FIPB clearance granted to the media group for receiving overseas funds to the tune of Rs 305 crore in 2007 during P Chidambaram’s tenure as finance minister.

Thereafter, ED also lodged the money laundering case against the company’s founders, the Mukerjeas, and others under the Prevention of Money Laundering Act (PMLA).

Karti was arrested on February 28, 2018 by the CBI on his return from the United Kingdom.

He was granted interim protection from arrest in the money laundering by the Delhi High Court on March 9, 2018 which was later extended by the apex court on March 14, 2018 the relief which has been extended from time to time.

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