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INX Media Case: P Chidambaram Arrested From Home, To Be Produced In CBI Court Today

By LawStreet News Network      22 August, 2019 11:08 PM      0 Comments
 INX Media Case: P Chidambaram Arrested From Home, To Be Produced In CBI Court Today

The former finance minister P. Chidambaram will be presented in CBI court today i.e., August 22, 2019, following his arrest in the INX Media case a day before.

The arrest was made after the Congress leader failed to get relief from the Supreme Court over CBI and ED's pursuit of him as the matter was not heard by the court despite repeated efforts of his lawyers.

Chidambaram's arrest became an intense political drama as CBI officials had to climb the wall of his residence to get inside his home to take him into custody.

Earlier Chidambaram who was nowhere to be found for over 27 hours surfaced at the congress party headquarters to address the media.

In the INX media case, I have not been accused of any offence. Nor has anyone else, including any member of my family, been accused of any offence. In fact, there is no chargesheet by either the CBI or the ED filed before a competent court, Chidambaram said.

He also said that the FIR did not accuse him of any wrongdoing. Yes, there is a widespread impression that grave offences have been committed, and my son and I have committed those offences. Nothing can be farther from truth. These are lies spread by pathological liars, he said.

In the INX media case, Chidambaram is an accused of FIPB (foreign investment promotion board) violation. INX media went on to receive foreign funds to the tune of Rs 305 crore from three Mauritius based firms- a violation of the FIPB order. It also invested money in INX media, another violation of the order.

CBI says that Karthi Chidambaram, son of P. Chidambaram also benefitted from the deal and kickbacks were transferred to his account to settle foreign direct investment issues.

This was confirmed by Indrani Mukherjee who turned approver in the case. Indrani Mukherjee in her testimony confirmed that she was asked to meet Karthi Chidambaram to settle INX media FDI deal.

She said that they met in a hotel in 2008 where Karthi Chidambaram asked her to transfer 1 million dollars in an overseas account.

Indrani's then-husband Peter Mukherjee objected to overseas transfer Karthi, in turn, suggested the names of two firms, chess management and advantage strategic for transfer of kickback.

P Chidambaram's arrest was to divert attention from the issue of Article 370: son Karti Chidambaram

Karti Chidambaram, son of P. Chidambaram commenting on the arrest said that the arrest of his father was carried out to divert attention from the issue of Article 370.

''This is totally vindictive and malicious act, done by a pliant agency. This is only done to settle political scores. There was absolutely no necessity to do this,'' Karti said.

He also said that ''This has been done only to create a spectacle on TV and to tarnish the image of Congress party and the former finance and home minister. This is completely trumped-up case in which he has absolutely no connection. We will fight this out politically and legally.

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