Chennai: The Central Bureau of India on Wednesday morning Karti Chidambaram, son of former finance minister P Chidambaram in connection with the INX Media case from Chennai, according to TV reports.
The arrest was made as Karti was reportedly not cooperating with the investigating agencies. A Delhi court on Monday had sent Karti Chidambaram’s chartered accountant S Bhaskararaman to 14-day judicial custody.
Karti’s name had cropped up in the case which relates to Foreign Investment Promotion Board (FIPB) approval granted in 2007 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.
The ED had registered a case against him and others in May last year. It had registered an Enforcement Case Information Report (ECIR), the ED’s equivalent of a police FIR, against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its directors — Peter and Indrani Mukerjea.
A lookout notice issued by the Central Bureau of Investigation (CBI) on July 18 prevented Karti from travelling abroad without the investigating agency’s permission. Chidambaram, who is an accused in this alleged money laundering case, had also appealed to the apex court seeking its approval to allow him to travel abroad earlier.