P Chidambaram’s son Karti arrested by CBI in money laundering case

New Delhi: Karti Chidambaram, son of senior Congress leader P Chidambaram was on Wednesday arrested at the Chennai airport in connection with the INX Media case.

Karti was arrested by the Central Bureau of Investigation (CBI) after he returned from London. He arrived at Chennai on a British Airways flight and the arrest took place at around 8 AM.

Karti’s name had cropped up in the case which relates to Foreign Investment Promotion Board approval for receipt of funds by INX Media when his father and senior Congress leader P Chidambaram was the Union finance minister during the previous UPA regime.

CBI officials said that he was not cooperating with the probe and hence had to be arrested. Karti allegedly arranged the Foreign Investment Promotion Board (FIPB) clearance for INX media. CBI had said that Karti is accused of receiving Rs 10 lakh from INX Media.

The Enforcement Directorate had filed a case against Karti Chidambaram in May last year alleging irregularities in the grant of Foreign Investment Promotion Board (FIPB) clearance to INX Media

Last week, Karti moved the Supreme Court seeking a stay on the Enforcement Directorate’s summons against him in the case.

He reportedly told the ED that he was appearing before the agency “under protest”. He was first grilled by the agency on January 18.

The central probe agency had registered the case against Karti and others in May last year.

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