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Money laundering case: Karti Chidambaram Arrested by CBI From Chennai

the central bureau of investigation (cbi) on wednesday arrested karti chidambaram, son of senior congress chief p chidambaram, from chennai airport in reference to the inx cash laundering case.

he became taken into custody just after he landed from a flight from london.

karti’s chartered accountant s bhaskararaman changed into these days arrested from a five-big name resort in delhi on february sixteen and became later despatched to fourteen-day judicial custody.

the ed had earlier claimed that during the path of research, it changed into discovered that bhaskararaman, a certified ca, had been assisting karti to control his “ill-gotten wealth” in india and abroad.

karti’s name had cropped up inside the case which relates to foreign funding advertising board (fipb) approval granted in 2007 for receipt of price range by using inx media whilst his father and senior congress leader p chidambaram became the union finance minister all through the preceding upa regime.

the ed had alleged that inx media had deliberately and in violation of the situations of the approval made a downstream investment of 26 consistent with cent inside the capital of inx news pvt ltd with out particular approval of fipb, which blanketed oblique overseas investment by means of some foreign buyers, and generated rs 305 crore foreign direct investment in inx media pvt ltd towards the accepted overseas influx of rs 4.sixty two crore.

to wriggle out of the state of affairs with none punitive motion, inx media entered right into a crook conspiracy with karti, the ed has alleged. the fipb unit of the finance ministry had no longer most effective granted unlawful approval however additionally misinformed the investigation wing of earnings tax department, it had alleged.

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