Connect with us

India

INX Media Money Laundering Case | CBI arrests Karti Chidambaram in Chennai

Published

on

INX Media Money Laundering Case

The Central Bureau of Investigation (CBI) arrested former finance minister P Chidambaram’s son Karti Chidambaram at Chennai airport in connection with the INX media money laundering case. The investigating agency arrested Karti Chidambaram mainly for not cooperating in the INX Media case.

According to the sources, Karti was taken into custody at the Chennai airport just after he landed from a flight from London. He is currently being investigated inside the airport and will be taken to Delhi later in the day. On 16 February 2018, Karti’s chartered accountant S Bhaskararaman was arrested from a five-star hotel in Delhi.

Read also Vijay Mallya Arrested In London In Money Laundering Case

INX Media Money Laundering Case | CBI arrests Karti Chidambaram in Chennai

INX Media Money Laundering Case | CBI arrests Karti Chidambaram in Chennai

In May 2017, the Enforcement Directorate had filed a money laundering case against Karti Chidambaram, INX Media and its directors, which includes Indrani and Peter Mukerjea. Now, the CBI has alleged that Karti received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board conditions to receive investment from Mauritius.

Read also NDA: PM Narendra Modi Sends Message to Crackdown Black Money

Also, the CBI had seized vouchers of Rs 10 lakh which were allegedly paid for the services. In 2007, Karti got the Foreign Exchange Promotion Board clearance for Rs 4 crore but had actually received was Rs 305 crore in foreign funding. His father P Chidambaram was the finance minister in the Congress-led United Progressive Alliance government at that time.

The CBI had also made a raid at the houses and offices of Mr. Chidambaram across four cities for allegedly receiving money from the media firm to prevent a tax probe.

INX Media Money Laundering Case

INX Media Money Laundering Case | INX Media Director Indrani

The Congress today said that Karti Chidambaram’s arrest is a “classic diversionary tactic” of the Modi government. They added,

“Classic diversionary tactic of the Modi government to hide their own corrupt governance model that is being exposed on a daily basis- be it Nirav Modi, Mehul Choksi, Dwarka Das Seth Jewellers. The BJP govt continues it’s vendetta and vindictive politics to target opponents. however, it will not stop the Congress from bringing the truth out to the people,”

The Enforcement Directorate reported the court that the money was reportedly paid to Karti Chidambaram in return for help getting out of the situation without facing any punitive action.

INX Media Money Laundering Case

INX Media Money Laundering Case | INX Media Director Peter Mukerjea

Read also PNB fraud Highlights: Trouble for Nirav Modi | I-T attaches 29 properties, 105 bank accounts

It was the ED which had provided information about the asserted illegal payments made by INX Media, based on which the CBI had filed its FIR.

Click here for More Updates

A Mechanical Engineer by education but a content writer by passion. He has been in the field of Content Writing and Marketing for six years. He loves to write in a wide range of genres. Contact me at [email protected]

Recent

Nicholai Sachdev Nicholai Sachdev
Biography14 seconds ago

Nicholai Sachdev Wiki, Biography, Age, Family, Images

Nicholai Sachdev is a Mumbai-based businessman. He is well-known for his art gallery. He made the headline after he got...

Anweshippin Kandethum Movie OTT Anweshippin Kandethum Movie OTT
Movie31 mins ago

Anweshippin Kandethum Malayalam Movie OTT Release (2024)

Anweshippin Kandethum is an investigative thriller movie directed by Darwin Kuriakose. Tovino Thomas and Aadhya Prasad played a lead role...

Phir Aayi Hasseen Dillruba Movie 2024 Netflix Phir Aayi Hasseen Dillruba Movie 2024 Netflix
Bollywood1 hour ago

Phir Aayi Hasseen Dillruba Movie (2024): Cast, Trailer, Songs, OTT, Release Date

Phir Aayi Hasseen Dillruba is the sequel to the blockbuster hit Hasseen Dillruba movie. It is directed by Jayprad Desai...

Heeramandi Web Series Netflix Heeramandi Web Series Netflix
Bollywood6 hours ago

Heeramandi Web Series (2024): Watch All Episodes On Netflix

Heeramandi The Diamond Bazaar is the upcoming magnum opus series by legendary filmmaker Sanjay Leela Bhansali, who is popular for...

Tamilrockers Tamilrockers
Torrent Website7 hours ago

Tamilrockers (2024) – Latest Tamil Movies Web Series and Updates

Tamilrockers is one of the infamous piracy websites that has been causing havoc in the film industry for several years....

HDMoviesHub HDMoviesHub
Torrent Website7 hours ago

HDMoviesHub (2024) – Latest Hollywood and Bollywood Movies Online

HDMoviesHub is one of the websites that are illegally downloaded and linked with other associated sites like AllMoviesHub and HDBollyHub....

Murder Mubarak Movie Murder Mubarak Movie
Bollywood7 hours ago

Murder Mubarak Movie (2024) On Netflix

Murder Mubarak is a comedy horror mystery movie directed by Homi Adajania. Pankaj Tripathi, Dimple Kapadia, Vijay Varma, and Sara...

Nadanna Sambavam Movie Nadanna Sambavam Movie
Entertainment8 hours ago

Nadanna Sambhavam Movie (2024): Cast, Trailer, OTT, Songs, Release Date

Nadanna Sambavam is an upcoming thriller drama directed by Vishnu Narayan. Rajesh Gopinadhan served as the writer. Anup Kannan and...