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| Chidambaram arrested by CBI from Delhi home in INX Media case | | | Agencies
New Delhi: Former Union minister P. Chidambaram was arrested by CBI Wednesday in the corruption cases related to the INX Media scam.
A CBI team reached the former union minister’s Delhi home minutes after he held a press conference at the Congress party headquarters, in which he dismissed the ED and CBI charges as “lies”.
Earlier in the day, the Supreme Court refused to grant an urgent hearing of his plea seeking protection from arrest. Chidambaram had moved the top court after the Delhi High Court rejected his plea seeking anticipatory bail.
The Central Bureau of Investigation (CBI) had registered an FIR on 15 May, 2017 alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram’s tenure as finance minister during UPA I.
The Enforcement Directorate (ED) in 2018 filed the money laundering case in this regard.
INX media case
According to the CBI, companies linked to Chidambaram’s son Karti had influenced the FIPB for approval of irregular investment worth Rs 305 crore in INX Media when the former was the finance minister in 2007.
INX Media was founded by Indrani Mukerjea in 2007 through two companies — INX Media Pvt Ltd and INX News Pvt Ltd. She is currently lodged in Mumbai’s Byculla jail for allegedly murdering her daughter Sheena Bora. Apart from Indrani, her husband, Peter Mukerjea, is also linked to the case. |
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