Govt permits CBI to prosecute former finance minister P Chidambaram
New Delhi, Feb 22 (IBNS): The Union government has given CBI the nod to prosecute former Union finance minister P. Chidambaram in connection with the INX Media money laundering case, media reports said.
NDTV, citing sources, said the CBI was expected to file a chargesheet against Chidambaram in the next few days.
The former Union minister and his son Karti have been interrogated by the Enforcement Directorate several times in the case.
Last year, the Enforcement Directorate had attached Karti Chidambaram's assets worth an estimated Rs. 54 crore, located in India and abroad, in the case.
The central probe agency registered the PMLA 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.
Karti Chidambaram was arrested on February 28 last year by the CBI, the other central agency investigating the case, for allegedly taking money to facilitate the FIPB clearance to INX Media in 2007. He was granted bail subsequently.
The agency has alleged that Karti Chidambaram received money from INX Media, using his influence to manipulate a tax probe against it in a case of violation of FIPB conditions to receive investments from Mauritius.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
