The CBI has sought the sanction of the central government to prosecute former Finance Minister P Chidambaram in the INX Media case. The CBI had registered an FIR on May 15, 2017 against alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of 305 crore rupees in 2007 when Chidambaram was finance minister.
Chidambaram’s son Karti Chidambaram was arrested in the matter for allegedly receiving funds to the tune of 10 lakh rupees.
The other accused in the case include then directors of the INX Media company, Indrani Mukerjea and Peter Mukerjea.
Both CBI and the Enforcement Directorate are investigating the foreign investment clearance granted to the Aircel-Maxis deal in 2006 and the INX Media in 2007 when Chidambaram was the finance minister in the UPA government.
