June 03, 2020

ED files charge sheet against P. Chidambaram and his son Karti in INX media case

[ by Legal Era News Network ]


The Enforcement Directorate (ED) has said that it has filed a charge sheet against former Finance Minister and senior Congress leader P. Chidambaram and his son Karti Chidambaram, who is a Lok Sabha member, in its probe into INX media money laundering case.

The probe agency filed an e-charge sheet against Chidambaram, his son and others before Special Judge Ajay Kumar Kuhar on June 1. Besides the father-son duo, the charge sheet names Karti Chidambaram’s chartered accountant S.S. Bhaskararaman and others. The judge has directed the ED to file a hard copy once the courts start functioning normally.

Chidambaram was first arrested by the Central Bureau of Investigation (CBI) on August 21, 2019 in the INX Media case and was granted bail by the Supreme Court in October 2019. He was arrested by the ED in the money laundering case on October 16, 2019 and was in judicial custody till November 27, 2019 under the order of a trial court.

The ED and the CBI are probing how Karti Chidambaram managed clearance for INX Media from the Foreign Investment Promotion Board (FIPB) in 2007 when his father was a Minister. According to the probe, INX Media directors Peter and Indrani Mukerjea had met Chidambaram to prevent any hold-up or delay in the FIPB approval.

Karti Chidambaram was arrested on February 28, 2018, by the CBI for allegedly accepting money to facilitate the FIPB clearance. He was later granted bail. The ED registered a PMLA case based on a CBI FIR and alleged irregularities in the FIPB clearance to INX Media for receiving Rs. 305 crore overseas funds in 2007. The agency has said the money received by associated entities was channelled back into the Advantage Strategic Consultancy Private Ltd (ASCPL). The ED has attached properties worth Rs. 54 crore of Karti Chidambaram and a firm in the case. It has also attached Mukerjeas’ properties in the case. Earlier, the agency had filed a charge sheet against him in the Aircel-Maxis deal case.

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