November 06, 2024 01:00 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Karti Chidambaram faces ED today in INX Media money laundering case

Karti Chidambaram faces ED today in INX Media money laundering case

| @indiablooms | 07 Feb 2019, 06:27 am

New Delhi, Feb 7 (IBNS) While the spotlight is on the quizzing of Robert Vadra by the Enforcement Directorate, Congress leader P Chidambaram's son Karti Chidambaram too is facing the ED in a money laundering case today. He has reached the  Enforcement Directorate office to face questioning in the  INX Media money laundering case.

While Karti is also being investigated by the CBI, he is also under the Enforcement Directorate scanner for a case related to Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving foreign funds worth Rs. 305 crore during his father's tenure as the finance minister in Congress led UPA government, said media reports.

Earlier, the Supreme Court told him "do not play with law" when it allowed him to travel abroad  saying it will be "forced to take steps" if he fails to cooperate with the investigating agencies probing the Aircel-Maxis case.

Karti Chidambaram and his father P Chidambaram are accused in the case.

Earlier in November, the Supreme Court had refused to hear  Karti's request to travel abroad on an urgent basis.

Karti is an accused in an alleged Aircel-Maxis scam case. The CBI had said two illegal payments were given to Karti's firms, Chess Management and Advantage Strategic, during the Aircel-Maxis deal.

The CBI has alleged that Maxis had paid Rs. 3,200 cr to take over Aircel while then Union FM Chidambaram had powers to clear only Rs. 600 cr.

However, in the file, it was shown that only Rs. 180 cr was cleared.

On Oct 25 last year, Karti along with his father P Chidambaram were  named in a chargesheet filed by the Enforcement Directorate (ED) in Rs 3,500-crore Aircel-Maxis case.

Earlier in July, the Central Bureau of Investigation (CBI) had filed a chargesheet against the father-son duo. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.