P. Chidambaram and his link to INX case
The INX Media case shows how the Foreign Investment Promotion Board was used to give clearance to the media group to receiving foreign funds to the tune of Rs. 307 crore, during the time when P. Chidambaram was Finance Minister of India.
The C.B.I. had registered an FIR on May 2017, alleging about the irregularities in FIPB clearance.
The ED too lodged a money laundering case in the year 2018.
Indrani Mukerjea and Peter Mukerjea were the co-founders of INX Media.
In the statement given to CBI, Indrani Mukerjea told after submitting the application to FIPB, she along with Peter and an executive went to meet P. Chidambaram at his office.
Indrani Mukerjea stated to ED: "Peter started the conversation with the Chidambaram and referred to INX Media's application to bring FDI and handed a copy of the application to him. After having understood the issue, Chidambaram told Peter to help his son, Karti (Chidambaram) in his business and make possible overseas remittances in lieu of FIPB approval."
Indrani's statement is the part of the charge sheet filed by ED in court.
In March 2018, Indrani Mukerjea told CBI that a deal of $1 million was made between Karti Chidambaram and Indrani & Peter Mukerjea to get approval from FIPB for INX Media.
- Imran Alam
The C.B.I. had registered an FIR on May 2017, alleging about the irregularities in FIPB clearance.
The ED too lodged a money laundering case in the year 2018.
Indrani Mukerjea and Peter Mukerjea were the co-founders of INX Media.
In the statement given to CBI, Indrani Mukerjea told after submitting the application to FIPB, she along with Peter and an executive went to meet P. Chidambaram at his office.
Indrani Mukerjea stated to ED: "Peter started the conversation with the Chidambaram and referred to INX Media's application to bring FDI and handed a copy of the application to him. After having understood the issue, Chidambaram told Peter to help his son, Karti (Chidambaram) in his business and make possible overseas remittances in lieu of FIPB approval."
Indrani's statement is the part of the charge sheet filed by ED in court.
In March 2018, Indrani Mukerjea told CBI that a deal of $1 million was made between Karti Chidambaram and Indrani & Peter Mukerjea to get approval from FIPB for INX Media.
- Imran Alam
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