INX Media corruption case

Karti Chidambaram

Karti Chidambaram is being interrogated by the CBI since his February 28 arrest. It alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds of about Rs 305 crore in 2007 when his father was Union finance minister.

The CBI produced Karti, son of former Union minister P Chidambaram, in a Delhi court after his three-day police custody expired and sought 15-day judicial custody.

Citing example of biscuit baron Rajan Pillai's death in custody, Karti Chidambaram's counsel raised concerns that there is pre-planned conspiracy "to do something to his client while he is being lodged in jail". He was remanded in CBI custody for three days after the investigative agency claimed it had recovered some incriminating documents and CD from the Chennai office of Advantage Strategic Pvt Ltd., a company linked to him.

As per reports, the CBI had initially alleged that Karti received Rs 10 lakh as bribe for the FIPB clearance.

The ED had registered a case against him and others in May previous year. Anyone can Google about it.

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Karti Chidambaram was confronted with Indrani Mukherjea in Mumbai last week.

It also noted the submission that various undertrials facing prosecution under these laws are lodged in Tihar Jail, where Karti will also be lodged in judicial custody and hence a grave threat to the safety and security of the accused in judicial custody was apprehended. Today the CBI would appraise the court about the fresh details that have cropped up following the questioning of Karti's chartered accountant, Bhaskararaman.

Meanwhile, Karti's CA S Bhaskararaman, who is now in jail in a case filed by the Enforcement Directorate (ED), has moved the court for anticipatory bail in the CBI case of INX Media.

In a related development, the Delhi High Court gave a major relief to Karti Chidambaram, directing the Enforcement Directorate (ED), which is separately probing the allegations, not to arrest him till the next hearing of the case on March 20.

The high court, which took up the issue on its own after judges from Tamil Nadu forwarded the tweets made by the editor to it, said one of the two tweets by the senior scribe was "directly attacking the Supreme Court". He was first sent to the CBI custody, where he was being interrogated till now.

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