Karti Chidambaram faces ED today in INX Media money laundering case

While Karti is also being investigated by the CBI, he is also under the Enforcement Directorate scanner for a case related to Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving foreign funds worth Rs. 305 crore during his father's tenure as the finance minister in Congress led UPA government, said media reports.

Earlier, the Supreme Court told him "do not play with law" when it allowed him to travel abroad  saying it will be "forced to take steps" if he fails to cooperate with the investigating agencies probing the Aircel-Maxis case.

Karti Chidambaram and his father P Chidambaram are accused in the case.

Earlier in November, the Supreme Court had refused to hear  Karti's request to travel abroad on an urgent basis.

Karti is an accused in an alleged Aircel-Maxis scam case. The CBI had said two illegal payments were given to Karti's firms, Chess Management and Advantage Strategic, during the Aircel-Maxis deal.

The CBI has alleged that Maxis had paid Rs. 3,200 cr to take over Aircel while then Union FM Chidambaram had powers to clear only Rs. 600 cr.

However, in the file, it was shown that only Rs. 180 cr was cleared.

On Oct 25 last year, Karti along with his father P Chidambaram were  named in a chargesheet filed by the Enforcement Directorate (ED) in Rs 3,500-crore Aircel-Maxis case.

Earlier in July, the Central Bureau of Investigation (CBI) had filed a chargesheet against the father-son duo.