INX Media case: CBI produces Chidambaram in court, hearing begins
New Delhi: The hearing of the INX Media case has already begun after the Central Bureau of Investigation (CBI) produced arrested former Finance and Home Minister P Chidambaram in the court on Thursday, media reports said.
The CBI has sought a five-day custody of Chidambaram.
Ringing the curtains down to day-long drama that reached a high point when the federal probe agency sleuths scaled the walls of P Chidambaram's house, the CBI on Wednesday night arrested the former Union Finance Minister and senior Congress leader for irregularities in the INX Media case after the Supreme Court refused to hear his bail plea on an urgent basis.
In an unprecedented development, a team of CBI reached the Jor Bagh residence of the senior politician, thumped at the gate and then scaled the wall of his house to enter inside the residence right after he left the Congress headquarters on Wednesday evening following a press conference.
After taking the senior politician into custody, the CBI team drove to the headquarters along with him. Chidambaram spent the entire night at the CBI headquarters.
What is the case?
The central probe agency had registered the PMLA (Prevention of Money Laundering Act, 2002) case on the basis of a CBI FIR and had alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs. 305 crore in 2007, when P Chidambaram was the Finance Minister.
The CBI had filed the FIR on May 15, 2017 alleging irregularities in FIPB clearance to INX Media.
The money laundering case was filed the same month by the Enforcement Directorate (ED). ED had also allegedly found links of INX Media with a company associated with Chidambaram’s son Karti Chidambaram. The documents allegedly led to unravelling of payments made to Karti’s company by INX Media when the FIPB approval was granted.
INX Media Pvt Ltd. was owned by Peter and Indrani Mukerjea, now in jail after being accused in the Sheena Bora murder case.
Image Credit: PIB Archive
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