ED files PMLA case against Karti Chidambaram,

Enforcement Directorate has filed a money laundering case against Karti Chidambaram, son of former Union Minister P Chidambaram. T

he case has been registered under sections of Prevention of Money Laundering Act in connection with alleged irregularities in the grant of FIPB approval to a company to get FDI.

The action has been taken on the basis of a FIR filed by the CBI against Karti Chidambaram over the allegation that he exercised his influence over Foreign Investment Promotion Board officials to grant foreign investment clearance to a firm, INX Media, in 2007.

Two days back, CBI had carried out searches at 14 locations in Chennai, Mumbai, Delhi and Gurugram related to Karti Chidambaram.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s