Karti Chidambaram&#39;s chartered accountant S Bhaskararaman, <a href="http://www.wionews.com/india-news/karti-chidambarams-ca-remanded-to-five-day-ed-custody-33096">who was arrested</a> in the INX Media money laundering case, has been sent to 14 days of judicial custody by a court in Delhi.

Bhaskararaman was produced before court from the custody of the Enforcement Directorate (ED). Special public prosecutor Nitesh Rana had sought three more days of custodial interrogation.

Special judge NK Malhotra sent the chartered accountant (CA) to Tihar Jail.&nbsp;

Bhaskararaman was arrested from a five-star hotel in the heart of the national capital on February 16.

The case involves the Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media when Karti&#39;s father and senior Congress leader P Chidambaram was the finance minister during the UPA government&#39;s regime.

The ED had alleged that INX Media had deliberately and in violation of the conditions of the approval made a downstream investment of 26 per cent in the capital of INX News Pvt Ltd without specific approval of FIPB, which included indirect foreign investment by some foreign investors, and generated Rs 305 crore foreign direct investment in INX Media Pvt Ltd against the approved foreign inflow of Rs 4.62 crore.

The investigating agency alleged that to wriggle out of the situation without any punitive action, INX Media entered into a criminal conspiracy with Karti.

The ED further alleged that the FIPB unit of the finance ministry had not only granted illegal approval but also misinformed the investigation wing of Income Tax Department.&nbsp;

The ED alleges that Bhaskararaman, a qualified CA, had been assisting Karti in managing his &quot;ill-gotten wealth&quot; in India and abroad.

The ED had said the investigation required the presence of Bhaskararaman for collecting vital evidence and other information which was within his special knowledge and exclusive domain.

 
&nbsp;

Bhaskararaman was produced before court from the custody of the Enforcement Directorate (ED)

Karti Chidambaram's chartered accountant S Bhaskararaman, who was arrested in the INX Media money laundering case, has been sent to 14 days of judicial custody by a court in Delhi. Bhaskararaman was produced before court from the custody of the Enforcement Directorate (ED). Special public prosecutor Nitesh Rana had sought three more days of custodial interrogation. Special judge NK Malhotra sent the chartered accountant (CA) to Tihar Jail. Bhaskararaman was arrested from a five-star hotel in the heart of the national capital on February 16. The case involves the Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media when Karti's father and senior Congress leader P Chidambaram was the finance minister during the UPA government's regime. The ED had alleged that INX Media had deliberately and in violation of the conditions of the approval made a downstream investment of 26 per cent in the capital of INX News Pvt Ltd without specific approval of FIPB, which included indirect foreign investment by some foreign investors, and generated Rs 305 crore foreign direct investment in INX Media Pvt Ltd against the approved foreign inflow of Rs 4.62 crore. The investigating agency alleged that to wriggle out of the situation without any punitive action, INX Media entered into a criminal conspiracy with Karti. The ED further alleged that the FIPB unit of the finance ministry had not only granted illegal approval but also misinformed the investigation wing of Income Tax Department. The ED alleges that Bhaskararaman, a qualified CA, had been assisting Karti in managing his "ill-gotten wealth" in India and abroad. The ED had said the investigation required the presence of Bhaskararaman for collecting vital evidence and other information which was within his special knowledge and exclusive domain.

Karti Chidambaram's chartered accountant remanded to 14-day judicial custody

A Delhi court today sent Indrani Mukerjea, prime accused in Sheena Bora murder case, to two days&#39; CBI custody in connection with the INX Media case.&nbsp;

The special CBI court allowed the CBI to arrest Indrani Mukerjea in INX media case.&nbsp;

The Enforcement Directorate had earlier registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA).

Senior Congress leader P Chidambaram&#39;s son Karti is also an accused in the case, which relates to Foreign Investment Promotion Board (FIPB) approval granted in 2006 for receipt of funds by INX Media.

INX Media has been accused of violating FIPB guidelines while receiving investments from Mauritius.

The Mukerjeas are currently facing a trial in Mumbai for conspiring to kill Sheena Bora, Indrani&#39;s daughter from an earlier marriage, in April 2012.

The Enforcement Directorate had earlier registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA)

A Delhi court today sent Indrani Mukerjea, prime accused in Sheena Bora murder case, to two days' CBI custody in connection with the INX Media case. The special CBI court allowed the CBI to arrest Indrani Mukerjea in INX media case. The Enforcement Directorate had earlier registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA). Senior Congress leader P Chidambaram's son Karti is also an accused in the case, which relates to Foreign Investment Promotion Board (FIPB) approval granted in 2006 for receipt of funds by INX Media. INX Media has been accused of violating FIPB guidelines while receiving investments from Mauritius. The Mukerjeas are currently facing a trial in Mumbai for conspiring to kill Sheena Bora, Indrani's daughter from an earlier marriage, in April 2012.

Indrani Mukerjea sent to two-day CBI custody in INX Media case

Union Minister P&nbsp;Chidambaram&#39;s son Karti Chidambaram&#39;s lawyer confirmed on Saturday that nothing was found or seized during the <a href="http://www.wionews.com/india-news/ed-conducts-raids-at-karti-chidambarams-premises-in-delhi-chennai-over-inx-media-case-29388" target="_blank">raids carried out</a> at Chidambaram&#39;s homes in Delhi and Chennai.&nbsp;

&quot;The ED conducted a raid today. Nothing was found, nothing was seized. The raid concluded at 10.45 a.m,&quot; Karti&#39;s lawyer Arun Natrajan told media.

He also said this was not an enquiry but just a raid, and kept emphasising that nothing was found or seized.

&quot;It was a raid conducted under the provisions of Prevention of Money Laundering Act (PMLA),&quot; said Arun Natrajan.

The Enforcement Directorate (ED) carried out raids at Karti Chidambaram&rsquo;s premises in New Delhi and Chennai on Saturday morning over his alleged involvement in the INX Media money laundering case.

Enforcement Directorate officials also raided home of former union minister P Chidambaram&#39;s Chennai home on Saturday.

The central probe agency had registered a case against him and others in connection with the case in May last year. Karti Chidambaram has now been called for the probe by the agency on January 16.

It had registered an Enforcement Case Information Report (ECIR), the ED&#39;s equivalent of a police First Information Report (FIR), against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its owners Peter and Indrani Mukerjea.

The agency has alleged that Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius.&nbsp;

The CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas and scuttling a tax probe. &nbsp;

The CBI has said it has also recovered vouchers of Rs 10 lakh which were allegedly paid for the services.&nbsp;

The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by the then finance minister even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).

&quot;In the instant case, the approval for FDI of 800 million USD (over Rs 3,500 crore) was sought. Hence, CCEA was competent to grant approval. However, approval was not obtained from CCEA,&quot; it alleged.&nbsp;

The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct.&nbsp;

Former finance minister P Chidambaram, after the CBI searches on May 16, had issued a strong statement in response to the raids, saying the government was using the CBI and other agencies to target his son.

He also said this was not an enquiry but just a raid, and kept emphasising that nothing was found or seized.

Union Minister P Chidambaram's son Karti Chidambaram's lawyer confirmed on Saturday that nothing was found or seized during the raids carried out at Chidambaram's homes in Delhi and Chennai. "The ED conducted a raid today. Nothing was found, nothing was seized. The raid concluded at 10.45 a.m," Karti's lawyer Arun Natrajan told media. He also said this was not an enquiry but just a raid, and kept emphasising that nothing was found or seized. "It was a raid conducted under the provisions of Prevention of Money Laundering Act (PMLA)," said Arun Natrajan. The Enforcement Directorate (ED) carried out raids at Karti Chidambaram’s premises in New Delhi and Chennai on Saturday morning over his alleged involvement in the INX Media money laundering case. Enforcement Directorate officials also raided home of former union minister P Chidambaram's Chennai home on Saturday. The central probe agency had registered a case against him and others in connection with the case in May last year. Karti Chidambaram has now been called for the probe by the agency on January 16. It had registered an Enforcement Case Information Report (ECIR), the ED's equivalent of a police First Information Report (FIR), against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its owners Peter and Indrani Mukerjea. The agency has alleged that Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius. The CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas and scuttling a tax probe. The CBI has said it has also recovered vouchers of Rs 10 lakh which were allegedly paid for the services. The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by the then finance minister even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA). "In the instant case, the approval for FDI of 800 million USD (over Rs 3,500 crore) was sought. Hence, CCEA was competent to grant approval. However, approval was not obtained from CCEA," it alleged. The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct. Former finance minister P Chidambaram, after the CBI searches on May 16, had issued a strong statement in response to the raids, saying the government was using the CBI and other agencies to target his son.

Nothing found or seized after raids at Chidambaram's premises in Chennai, Delhi: Lawyer

The Enforcement Directorate (ED) today carried out raids at Karti Chidambaram&rsquo;s premises in New Delhi and Chennai over his alleged involvement in the INX Media money laundering case.

Fresh summons were issued to Karti Chidambaram, the son of senior Congress leader P Chidambaram, on Thursday&nbsp;after he failed to show up for the probe in the INX Media case.&nbsp;

Enforcement Directorate officials also raided&nbsp;home of former union minister P Chidambaram&#39;s Chennai home on Saturday.

The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by&nbsp;then finance minister P Chidambaram.

The central probe agency had registered a case against him and others in connection with the case in May last year. Karti Chidambaram has now been called for the probe by the agency on January 16.

It had registered an Enforcement Case Information Report (ECIR), the ED&#39;s equivalent of a police First Information Report (FIR), against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its owners Peter and Indrani&nbsp;Mukerjea.

The agency has alleged that Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius.&nbsp;

The CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas and scuttling a tax probe. &nbsp;

The CBI has said it has also recovered vouchers of Rs 10 lakh which were allegedly paid for the services.&nbsp;

The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by the then finance minister even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA).

&quot;In the instant case, the approval for FDI of 800 million USD (over Rs 3,500 crore) was sought. Hence, CCEA was competent to grant approval. However, approval was not obtained from CCEA,&quot; it alleged.&nbsp;

The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct.&nbsp;

The Chidambarams have denied all the charges made against them.&nbsp;

Former finance minister P Chidambaram, after the CBI searches on May 16, had issued a strong statement in response to the raids, saying the government was using the CBI and other agencies to target his son.

(With PTI inputs)

Enforcement Directorate officials also raided home of former union minister P Chidambaram's Chennai home on Saturday

The Enforcement Directorate (ED) today carried out raids at Karti Chidambaram’s premises in New Delhi and Chennai over his alleged involvement in the INX Media money laundering case. Fresh summons were issued to Karti Chidambaram, the son of senior Congress leader P Chidambaram, on Thursday after he failed to show up for the probe in the INX Media case. Enforcement Directorate officials also raided home of former union minister P Chidambaram's Chennai home on Saturday. The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by then finance minister P Chidambaram. The central probe agency had registered a case against him and others in connection with the case in May last year. Karti Chidambaram has now been called for the probe by the agency on January 16. It had registered an Enforcement Case Information Report (ECIR), the ED's equivalent of a police First Information Report (FIR), against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its owners Peter and Indrani Mukerjea. The agency has alleged that Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius. The CBI had also carried out searches at the homes and offices of Karti Chidambaram across four cities for allegedly receiving money from the media firm owned by the Mukerjeas and scuttling a tax probe. The CBI has said it has also recovered vouchers of Rs 10 lakh which were allegedly paid for the services. The agency said FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by the then finance minister even though he was competent to accord approval on project proposals only up to Rs 600 crore and beyond that it required the approval of the Cabinet Committee on Economic Affairs (CCEA). "In the instant case, the approval for FDI of 800 million USD (over Rs 3,500 crore) was sought. Hence, CCEA was competent to grant approval. However, approval was not obtained from CCEA," it alleged. The CBI had filed the FIR against Karti Chidambaram and the Mukerjeas on charges of criminal conspiracy, cheating, receiving illegal gratification, influencing public servants and criminal misconduct. The Chidambarams have denied all the charges made against them. Former finance minister P Chidambaram, after the CBI searches on May 16, had issued a strong statement in response to the raids, saying the government was using the CBI and other agencies to target his son. (With PTI inputs)

ED conducts raids at Chidambaram's premises in Chennai over INX Media Case

The Supreme Court on Monday allowed former finance minister P Chidambaram&#39;s son Karti Chidambaram to travel abroad for his daughter&#39;s admission in the UK.

Karti has been allowed to go abroad from December 1 to December 10, but with certain terms and conditions.

Karti is an accused in the alleged INX media case.

It has been alleged that Karti illegally took service charges for getting the Foreign Investment Promotion Board (FIPB) clearance to the INX Media for receiving funds from abroad worth Rs 305 crore in 2007 when his father P Chidambaram was the finance minister in Congress-led UPA government.

A lookout notice issued by the CBI on July 18 prevented Karti from traveling abroad without the investigating agency&#39;s permission.

The apex court had rejected Karti&#39;s plea after the CBI opposed it, saying he might tamper with the evidence, which is very crucial for the ongoing investigation, in the country.

P Chidambaram's son Karti is an accused in the alleged INX media case

The Supreme Court on Monday allowed former finance minister P Chidambaram's son Karti Chidambaram to travel abroad for his daughter's admission in the UK. Karti has been allowed to go abroad from December 1 to December 10, but with certain terms and conditions. Karti is an accused in the alleged INX media case. It has been alleged that Karti illegally took service charges for getting the Foreign Investment Promotion Board (FIPB) clearance to the INX Media for receiving funds from abroad worth Rs 305 crore in 2007 when his father P Chidambaram was the finance minister in Congress-led UPA government. A lookout notice issued by the CBI on July 18 prevented Karti from traveling abroad without the investigating agency's permission. The apex court had rejected Karti's plea after the CBI opposed it, saying he might tamper with the evidence, which is very crucial for the ongoing investigation, in the country.

Karti Chidambaram gets permission from Supreme Court to travel abroad

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Karti Chidambaram's chartered accountant remanded to 14-day judicial custody

Indrani Mukerjea sent to two-day CBI custody in INX Media case

Nothing found or seized after raids at Chidambaram's premises in Chennai, Delhi: Lawyer

ED conducts raids at Chidambaram's premises in Chennai over INX Media Case

Karti Chidambaram gets permission from Supreme Court to travel abroad