ED search at Karti  Chidambaram premises in Delhi, Chennai

ED search at Karti Chidambaram premises in Delhi, Chennai

India Blooms News Service | @indiablooms | 13 Jan 2018

New Delhi/Chennai, Jan 13 (IBNS)  The Enforcement Directorate (ED) on Saturday conducted searches at Karti Chidambaram’s premises in New Delhi and Chennai in connection with the INX Media money laundering case, media reports said.

The ED had on  Thursday issued fresh summons to Karti, son of former Union Finance Minister P Chidambaram for appearing before it on January 16 in connection with the money laundering case.

He had earlier skipped his appearance before the agency.

The case,  registered in May, 2017 pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by the then Finance Minister  P Chidambaram.

The agency has alleged that Karti Chidambaram 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 (FIPB) conditions to receive investment from Mauritius.

The CBI has said it has also recovered vouchers of Rs 10 lakh which were allegedly paid for the services.

ED search at Karti Chidambaram premises in Delhi, Chennai

India Blooms News Service
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