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 ...