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CBI Issues Third Notice to Karti Chidambaram in FIPB-related Corruption Case

The CBI wants to question Karti Chidambaram in a case related to Foreign Investment Promotion Board (FIPB) clearance given to INX Media for allegedly receiving funds from Mauritius when his father, P Chidambaram, was the Union Finance Minister.

News18.com

Updated:July 19, 2017, 7:09 PM IST
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CBI Issues Third Notice to Karti Chidambaram in FIPB-related Corruption Case
File photo of Karti Chidambaram, the son of former Finance Minister P. Chidambaram.
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New Delhi: The CBI on Wednesday summoned Karti Chidambaram, the son of former Finance Minister P. Chidambaram, to appear before it on July 21, in an ongoing probe against him in a corruption case.

In its third notice to Karti, the CBI asked him to appear at its headquarters in south Delhi's Lodhi Road on Friday.

The agency wants to question Karti in a case related to Foreign Investment Promotion Board (FIPB) clearance given to INX Media for allegedly receiving funds from Mauritius when his father was the Union Finance Minister.

The CBI had previously issued notices to Karti and four others on June 27 and June 29, but they did not turn up.

Karti, through his lawyer, had informed the CBI that he needed more time to appear.

The CBI on May 15 registered an FIR against Karti on charges of criminal conspiracy, cheating, accepting gratification by corrupt or illegal means, influencing public servants, and criminal misconduct.

Karti is alleged to have received Rs 3.5 crore from Mumbai-based INX media, now 9X Media, for helping it in getting FIPB clearance when it was run by Peter and Indrani Mukherjea, both accused in the Sheena Bora murder case.

The FIR does not mention the name of Chidambaram senior, though it says he cleared the FIPB approval for Rs 4.62 crore Foreign Direct Investment (FDI) in the FIPB meeting on May 18, 2007.

Karti left for London two days after the CBI registered a case against him.

In May, the agency had conducted raids at the premises of Karti, Peter, and Indrani at 14 locations in Delhi, Mumbai, Chennai, and Delhi National Capital Region in connection with the case.

(With Inputs from IANS)
| Edited by: Mirza Arif Beg
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