Budget 2018-19

A regular CBI court on Thursday will hear the agency, which sought a 15-day remand of Karti Chidambaram in the INX Media case   Karti Chidambaram, businessman and former finance minister P Chidambaram's son, will be produced before the Patiala House Court on Thursday in connection with the so-called INX Media money-laundering case. Karti had been arrested by the Central Bureau of Investigation (CBI) at the Chennai airport on Wednesday morning and taken into custody by a team of CBI officers on his return from the United Kingdom. He was produced before a Delhi court, which sent him to CBI custody for one day. Karti Chidambaram's remand will last until 12.30 pm on Thursday when a regular CBI court will hear the probe agency. The central probe agency had sought a 15-day remand for his custodial interrogation. He will be produced before a CBI court on Thursday, All India Radio News has reported.The CBI justified Karti's arrest by taking the ground of his n...

INX Media allegedly violated norms by making a downstream investment of 26% in INX News  without FIPB approval Former finance minister P Chidambaram's son and businessman Karti Chidambaram was detained by the Central Bureau of Investigation (CBI) in Chennai on Wednesday in connection with the INX money laundering case. It was alleged that he violated the Foreign Exchange Management Act. Chidambaram was detained at Chennai Airport while he was returning from a foreign trip, according to his public relations officer. A few weeks ago, Karti's chartered accountant S Bhaskararaman had been arrested from a hotel in Delhi. The Enforcement Directorate (ED) had earlier claimed that during the course of investigation, it was revealed that Bhaskararaman had been assisting Karti Chidambaram to manage his "ill-gotten wealth" in India and abroad. The case relates to the approval granted by Foreign Investment Promotion Board (FIPB) in 2007 for receipt of ...