CBI files chargesheet against Chidambaram
Karti’s firm ‘received ₹9.96 lakh without doing any service’
19/10/2019, SPECIAL CORRESPONDENT,NEW DELHI
Karti’s firm ‘received ₹9.96 lakh without doing any service’
19/10/2019, SPECIAL CORRESPONDENT,NEW DELHI
No relief: P. Chidambaram being taken from a court in Delhi on Thursday, after he was sent to the custody of the ED. PTIPTI
The Central Bureau of Investigation (CBI) on Friday filed a chargesheet against 14 accused, including former Union Finance Minister P. Chidambaram and his son Karti, in the INX Media case.
Mr. Chidambaram “misused his official position” in granting approval to an FDI proposal of INX Media and INX News Pvt. Ltd. in lieu of “illegal gratification” in India and through offshore payments, the CBI said.
The agency alleged that a payment of ₹9.96 lakh had been made to Advantage Strategic Consulting Private Limited (ASCPL), which was floated by Mr. Karti, “without delivery of any service”.
Among those arraigned in the chargesheet are INX Media, its subsidiary INX News and then director Peter Mukerjea, Chess Management Services Private Limited, ASCPL and Mr. Karti’s chartered accountant S. Bhaskararaman.
Indrani Mukerjea, a former INX Media director, turned approver (pardoned) in July with the court’s permission. She claimed to have paid $5 million through the offshore route in lieu of the favours, and having met Mr. Chidambaram, along with Mr. Mukerjea and Vir Sanghvi, on the FIPB issue in March/April 2007.
The then Additional Secretary Sindhushree Khullar, Joint Secretary (Foreign Trade) Anup K. Pujari, the then Officer-on-Special Duty in the Department of Economic Affairs Pradeep Kumar Bagga, the then FIPB unit Director Prabodh Saxena, Under Secretary Rabindra Prasad, and Section Officer Ajit Kumar Dungdung have also been named as accused.
Against those accused, the CBI has invoked Sections 120-B (criminal conspiracy), 420 (cheating), 468 (forgery for cheating) and 471 (using forged document as genuine) of the Indian Penal Code, along with the relevant provisions of the Prevention of Corruption Act. The case was registered on May 15, 2017.
Questioning the timing, Mr. Karti tweeted: “It’s been done only to beat the 60-day deadline of my father’s [judicial] custody. We will deal with it as per legal procedure and will be vindicated.”
The agency is probing the charge that INX Media received ₹403.07 crore in foreign investments against the FIPB approved amount of ₹4.62 crore in 2007. It also made an illegal down-streaming of ₹40.91 crore into its sister concern, INX News.
The Central Bureau of Investigation (CBI) on Friday filed a chargesheet against 14 accused, including former Union Finance Minister P. Chidambaram and his son Karti, in the INX Media case.
Mr. Chidambaram “misused his official position” in granting approval to an FDI proposal of INX Media and INX News Pvt. Ltd. in lieu of “illegal gratification” in India and through offshore payments, the CBI said.
The agency alleged that a payment of ₹9.96 lakh had been made to Advantage Strategic Consulting Private Limited (ASCPL), which was floated by Mr. Karti, “without delivery of any service”.
Among those arraigned in the chargesheet are INX Media, its subsidiary INX News and then director Peter Mukerjea, Chess Management Services Private Limited, ASCPL and Mr. Karti’s chartered accountant S. Bhaskararaman.
Indrani Mukerjea, a former INX Media director, turned approver (pardoned) in July with the court’s permission. She claimed to have paid $5 million through the offshore route in lieu of the favours, and having met Mr. Chidambaram, along with Mr. Mukerjea and Vir Sanghvi, on the FIPB issue in March/April 2007.
The then Additional Secretary Sindhushree Khullar, Joint Secretary (Foreign Trade) Anup K. Pujari, the then Officer-on-Special Duty in the Department of Economic Affairs Pradeep Kumar Bagga, the then FIPB unit Director Prabodh Saxena, Under Secretary Rabindra Prasad, and Section Officer Ajit Kumar Dungdung have also been named as accused.
Against those accused, the CBI has invoked Sections 120-B (criminal conspiracy), 420 (cheating), 468 (forgery for cheating) and 471 (using forged document as genuine) of the Indian Penal Code, along with the relevant provisions of the Prevention of Corruption Act. The case was registered on May 15, 2017.
Questioning the timing, Mr. Karti tweeted: “It’s been done only to beat the 60-day deadline of my father’s [judicial] custody. We will deal with it as per legal procedure and will be vindicated.”
The agency is probing the charge that INX Media received ₹403.07 crore in foreign investments against the FIPB approved amount of ₹4.62 crore in 2007. It also made an illegal down-streaming of ₹40.91 crore into its sister concern, INX News.
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