INX Media Case: History of the Case That Led to Chidambaram’s ArrestTop Stories

August 22, 2019 16:30
INX Media Case: History of the Case That Led to Chidambaram’s Arrest

(Image source from: DNA India)

The Central Bureau of Investigation on Wednesday arrested India’s former finance minister P Chidambaram from his residence after agency sleuths scaled walls top gain access to the bungalow. He was arrested in connection with the INX media case.

According to investigative agencies’ claim, when Chidambaram was serving as a finance minister in 2007, he granted approval to INX Media after which foreign investment of Rs 305 crore allegedly came in this company. Though the Permission was given to put only five crores the INX Media invested more than 300 crores. With an intent to protect self, INX Media hatched a plot with Chidambaram’s son Karti Chidambaram and made every effort to influence government officials. It has been also claimed that Chidambaram's son Karti Chidambaram had taken a bribe.

Exactly What Happened with P Chidambaram   

May 15, 2017:

                        (Image source from: The Hindu)

CBI registers First Information report (FIR) against Karthi Chidambaram alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media Group, a company of Peter Mukherjee and Indrani Mukherjee, for receiving overseas funds of Rs 305 crore in 2007 when Chidambaram was the Finance Minister.

June 16, 2017:

                        (Image source from: Live Law)

The Foreigner Regional Registration Officer (FRRO) and the Bureau of Immigration issues a Look Out Circular (LOC) against Karti Chidambaram.

August 10, 2017:

                       (Image source from: Bar & Bench)

The Madras High Court stays the LOCs issued against Karti Chidambaram and four others.

August 14, 2017:

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The Supreme Court stays Madras High Court order staying LOC issued against Karti Chidamabaram.

August 18, 2017:

                       (Image source from: The Financial Express)

The Supreme Court asks Karti Chidambaram to appear before the CBI on August 23.

September 22, 2017:

                        (Image source from: The Hindu)

Since Karti Chidambaram was reportedly closing several of his foreign bank accounts in an attempt to destroy evidence, the CBI passed an order to Karti Chidambaram not to travel overseas.  

October 9, 2017:

                        (Image source from: Travel Wire News)

In order to get his daughter admitted to a university in Britain, Karti Chidambaram seeks the Supreme Court's nod to travel to overseas expressing willingness to undertake that he would not visit any bank at that place.  

November 20, 2017:

                        (Image source from: The Tribune)

The Supreme Court allows Karti Chidambaram to visit Britain for daughter's admission.

December 8, 2017:

                       (Image source from: Outlook India)

Karti Chidambaram moves the Supreme Court challenging the summons issued by the CBI against him in the Aircel-Maxis deal case.

February 16, 2018:

                        (Image source from: Mental Floss)

Karti Chidambaram's Chartered Accountant (CA) S. Bhaskararaman arrested for allegedly assisting him to manage his wealth in India and abroad.

February 28, 2018:

                       (Image source from: Livemint)

Karti Chidambaram arrested by CBI at Chennai airport soon after his arrival from abroad and brought to Delhi.

March 23, 2018:

                       (Image source from: India Today)

Karti Chidambaram gets bail after spending 23 days in jail.

July 25, 2018:

                       (Image source from: Latestly)

The High Court grants interim protection from arrest to P. Chidambaram.

October 11, 2018:

                       (Image source from: Livemint)

The ED attaches assets worth Rs 54 crore of Karti Chidambaram in India, UK, and Spain in connection with the INX Media money laundering case.

July 11, 2019:

                       (Image source from: India Today)

Jailed Indrani Mukerjea turns approver in the case and accepts the conditions put on her before a judge.

August 20, 2019:

                       (Image source from: Business Today)

Delhi High Court refused to grant anticipatory bail P Chidambaram.

By Sowmya Sangam

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INX media case  Chidambaram