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CBI arrests Karti Chidambaram in Chennai in money laundering case

CBI arrests Karti Chidambaram in Chennai in money laundering case

India Blooms News Service | 28 Feb 2018, 03:00 pm

New Delhi, Feb 28 (IBNS): The Central Bureau of Investigation on Wednesday arrested politician P Chidambaram's son Karti over money laundering case in Chennai, media reports said.

P Chidambaram, senior Congress leader, had served as the Union Finance Minister during the tenure of the UPA government.

A case was filed against Karti by the Enforcement Directorate in May last year alleging irregularities in the grant of Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving foreign investment of over Rs. 300 crore in 2007.

P Chidambaram was serving as the Union Finance Minister during that period.

The CBI had filed separate case against Karti and others on the basis of information about alleged illegal payments made by INX media.

Karti had earlier denied charges made against him.

 

Image: Facebook page of Karti Chidambaram

CBI arrests Karti Chidambaram in Chennai in money laundering case

India Blooms News Service
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