INX Media Case Highlights: Karti Chidambaram, Arrested Today, Reaches Delhi, Says Will Be Vindicated

The CBI had filed a case against Karti Chidambaram after the Enforcement Directorate alleged irregularities in granting foreign direct investment clearance to a media company called INX Media.


Karti Chidambaram was accused of taking a Rs 10-lakh bribe during the clearance to INX Media

Chennai/ New Delhi: 
Karti Chidambaram, son of senior Congress leader P Chidambaram was arrested at Chennai airport today by the Central Bureau of Investigation in a money laundering case. He was accused of taking a Rs 10-lakh bribe during the clearance to INX Media for receiving foreign investment of over Rs. 300 crore in 2007 when his father P Chidambaram was the union finance minister. The CBI had earlier carried out searches at the houses and offices of Mr Chidambaram across four cities (which four cities mention atleast New Delhi and Chennai) for allegedly receiving money from the media firm owned by Peter and Indrani Mukerjea to scuttle a tax probe. Mr Chidambaram is being brought to Delhi. He will shortly be questioned at the Patiala House Court.

Here are the Highlights of Karti Chidambaram's arrest:

Feb 28, 2018
20:08 (IST)
CBI had sought a 15 day custody of Karti Chidambaram for interrogation.

In its remand application filed in the court, the CBI claimed that sustained interrogation of Karti Chidambaram was needed to unearth the "total conspiracy" hatched in the case and also to find out the details of overseas payments allegedly received by him from INX Media as a "quid pro quo".

"Thus, Karti Chidambaram needs to be subjected to sustained interrogation for unearthing the total conspiracy hatched in the case and also to find out the details of overseas payments received by him from INX Media as a quid pro quo for influence exercised by him over the public servants to scuttle the punitive action required to be taken against M/S INX Media (P) Ltd for the illegal acts of receiving excess investment than the approved FDI and also for making of downstream investment without the FIPB approval. For this purpose, his police custody remand for a period of 15 days is considered essential," the CBI said in the court.

The duty magistrate remanded him to one-day CBI custody and asked the agency to produce Karti before the concerned judge tomorrow: news agency PTI
Feb 28, 2018
19:34 (IST)
Delhi's Patiala House Court sends Karti Chidambaram to 1 day police custody: News agency ANI.
Feb 28, 2018
18:51 (IST)
"The arrest of the son of the senior Congress leader, who has been very vocal against the Narendra Modi government, is a ploy to intimidate and browbeat the opposition and also an attempt to divert the public attention from the huge banking scam," senior Congress leader and former Maharashtra Chief Minister Prithviraj Chavan told PTI.
"Karti was arrested for violating the Foreign Exchange Management Act (FEMA). To the best of my knowledge, FEMA is a civilian offence, not a criminal one," he said.
Feb 28, 2018
18:12 (IST)
Abhishek Singhvi tells in court that he is a "Hindustan returner".
Feb 28, 2018
18:09 (IST)
Randeep Surjewala on the arrest:
Feb 28, 2018
18:04 (IST)
Abhishek Singhvi tells ANI Karti Chidambaram has no connection with the Advantage Strategic Consulting (P) Limited.
Feb 28, 2018
18:02 (IST)
Randeep Surjewala says the arrest was out of the blue.

Feb 28, 2018
18:00 (IST)
Randeep Surjewala says the arrest is just to deflect heat from Nirav Modi scam.
Feb 28, 2018
17:58 (IST)
Abhishek Singhvi says he is not a 'Hindustan Leaver': news agency ANI.

Feb 28, 2018
17:39 (IST)
Abhishek Manu Singhvi tells Court that it is most bizarre case against Karti Chidambaram by CBI. The arrest is motivated. He hasn't been given a single summon in last 6 months & allegations made by CBI that he is not cooperating, when no summon has been issued after August 2017: news agency ANI.

Feb 28, 2018
17:37 (IST)
CBI says "Karti Chidambaram is evasive in his replies and investigation. He made incorrect statements with respect to evidence. All this delays the conclusion of investigation": news agency ANI.

Feb 28, 2018
17:35 (IST)
Delhi court to hear bail plea of Karti Chidambaram's chartered accountant S Bhaskararaman tomorrow.
Feb 28, 2018
17:31 (IST)
CBI seeks 15 -day remand of Karti Chidambaram for custodial interrogation: news agency PTI.
Feb 28, 2018
17:30 (IST)
Karti Chidambaram, 46, was produced before Metropolitan Magistrate Sumeet Anand who allowed the request of his lawyers to have an interaction with him inside the court room. The court allowed Karti Chidambaram and his lawyers to interact for 10 minutes, after which the proceedings resumed: news agency PTI.

Feb 28, 2018
17:27 (IST)
CBI tells court Karti Chidambaram is not co-operating in the investigation: news agency PTI.
Feb 28, 2018
16:59 (IST)
"This is vendetta. I will be vindicated," Karti Chidambaram tells NDTV on his arrest.
Feb 28, 2018
16:56 (IST)
Karti Chidambaram brought to CBI court in Delhi.

Feb 28, 2018
16:55 (IST)
Karti Chidambaram's chartered accountant S Bhaskararaman files bail plea in INX media case.
Feb 28, 2018
16:39 (IST)
AICC general secretary Ashok Gehlot said Karti Chidambaram was arrested to divert attention from the big issues and the bank scam facing the NDA government.

Mr Gehlot said on Twitter, Mr Karti Chidambaram was arrested when he landed at Chennai airport, he was not trying to escape from India like Nirav Modi then arresting him on his arrival at airport is funny. Karti Chidambaram was cooperating with the CBI, the CBI could have summoned him."

Feb 28, 2018
16:31 (IST)
Party spokesperson Abhishek Singhvi on the arrest: 
  • Karti Chidambaram's arrest showed the government's "double standards".
  • While Nirav Modi and Vijay Mallya were not stopped from fleeing the country, Karti Chidambaram was arrested even when he returned from a foreign tour, he told news agency PTI.
  • He also questioned the timing of the arrest, asking if it had anything to do with the Karnataka elections and whether it was aimed at deflecting attention from the Nirav Modi fraud case.
  • The nation, he added, was questioning the Centre on "Chhota Modi".
  • "Fantastic double standards. Amazing selectivity. Nirav; Lalit and Mallya not stopped from fleeing; Karti arrested on arrival, returning after repeated foreign trips. Few lakhs become 80 crore in few months in Jai Ho case no raid no arrest, instead gag order. 10 lakh allegation and arrest!" he said on Twitter.
  • "FIR recently filed in PC case. Allegations exist in public domain for over one year with many appearances for questioning; how can sudden custodial interrogation be justified. If no flight risk, no tampering, available for questioning, how and why arrest? Karnataka elections?" he added.

Feb 28, 2018
16:25 (IST)
Senior Congress leader Kapil Sibal also termed the arrest "malafide" and said it was done to harass P Chidambaram. He challenged the agencies to produce evidence against Karti Chidambaram. "They are always misusing the law," he said.
"This is complete vendetta politics, this is completely malafide," he said.
Feb 28, 2018
14:42 (IST)
Congress leader and Senior Advocate Abhishek Manu Singhvi to appear for Karti Chidambaram in Delhi's Patiala House Court: news agency ANI
Feb 28, 2018
14:27 (IST)

Karti Chidambaram being taken to Delhi's Patiala House Court, he was taken into custody by CBI, earlier today, in connection with the INX media case.
Feb 28, 2018
13:42 (IST)
Mukhtar Abbas Naqvi on Karti Chidambaram's arrest:

  • All these matter should not be seen in political context
  • The agencies which are probing these matters are working without any bias and preconceived notions

Feb 28, 2018
12:57 (IST)
The CBI alleged Karti also received money from INX media to scuttle a tax probe. The firm was owned at the time by Peter and Indrani Mukerjea, who are currently in jail on charges of murdering Indrani's daughter Sheena Bora.
Feb 28, 2018
11:59 (IST)
P Chidambaram's Son Karti Chidambaram Arrested By CBI In Money Laundering Case
Senior Congress leader P Chidambaram's son Karti Chidambaram was arrested in Chennai today in a corruption case, sources said. He is accused of receiving kickbacks to clear foreign investment worth around Rs. 300 crore in television company INX Media, using the influence of his father, who was then the Union finance minister.
Feb 28, 2018
11:58 (IST)
Karti Chidambaram was flown from Chennai airport by a Jet Airways flight at 10.45 am.
Feb 28, 2018
11:35 (IST)
"Truth must win and prevail. The constitution stands for 'Satyamev Jayate," said BJP's Sambit Patra.
Feb 28, 2018
11:34 (IST)
Randeep Sujrewala on Karti Chidambaram's arrest this morning.

A sick diversionary tactic by the Modi government to hide their own corruption scams.
Feb 28, 2018
11:32 (IST)
The Congress said the arrest was "vindictive politics" and a "classic diversionary tactic of the government to hide their own corrupt governance model that is being exposed on a daily basis-- be it Nirav Modi, Mehul Choksi, Dwarka Das Seth Jewellers."
Feb 28, 2018
11:08 (IST)
The 46-year-old is accused of receiving kickbacks to clear foreign investment worth around Rs. 300 crore in television company INX Media, using the influence of his father, who was then the Union finance minister. The initial case registered against him mentioned that he received 10 lakh, but sources in the CBI said there is now evidence that he received more.
Feb 28, 2018
11:08 (IST)
Karti Chidambaram was arrested at the Chennai airport after he landed there from London early this morning. Mr Chidambaram who underwent questioning by the Central; Bureau of Investigation, will be brough to Delhi later today, according to sources. 
No more content

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................