#KartiChidambaram sent to one-day CBI custody in INX Media case
 Source : NewsBharati  Date : 28-Feb-2018

New Delhi, February 28: Delhi's Patiala House Court sends Karti Chidambaram, son of former Finance Minister and senior Congress leader P Chidambaram to one day police custody on Wednesday.

The CBI early Wednesday morning arrested Karti, in connection with its probe in the INX media case. Later in the day, he was produced at the Delhi CBI court, where it is learnt that the agency is seeking his custodial remand for further interrogation. 

Karti was arrested at Chennai airport at around eight in the morning when he returned from the United Kingdom, the officials said. In November, the Supreme Court allowed Karti Chidambaram to go to the UK for his daughter's admission in the Cambridge University.

The CBI had filed an FIR in the matter on May 15 last year alleging irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister. The CBI has also alleged that Karti had received funds to the tune of Rs 10 lakh in the case.

According to the CBI, INX Media clearly states in its records that Rs 10 lakh was given to Advantage Strategic Consulting (P) Limited, a firm "indirectly" owned by Karti, for management consultancy charged towards FIPB notification and clarification. 

Besides the central probe agency, the Enforcement Directorate has also registered a money laundering case. The CBI is also probing the alleged irregularities in grant of the FIPB clearance to the Aircel-Maxis deal in 2006.

Earlier this month, the Enforcement Directorate arrested Karti Chidambaram's Chartered Accountant S Bhaskararaman for not cooperating in the money laundering probe.

The agency alleged that Bhaskararaman failed to appear before the investigating team even after several summonses were issued seeking his presence.