CBI summons Karti Chidambaram in FIPB case

NEW DELHI: The Central Bureau of Investigation has issued fresh summons to former finance minister P Chidambaram’s son Karti Chidambaram in alleged corruption case asking him to appear before it on July 21.

Karti earlier evaded CBI summons seeking more time from the agency.

CBI will question him in a case related to Foreign Investment Promotion Board(FIPB) clearance given to INX Media for allegedly receiving funds from Mauritius, when his father was the Union finance minister.

The CBI has alleged that a firm “indirectly controlled” by him received money from the media house, run by Indrani and Peter Mukerjea. The agency had issued summons to Karti and four others for questioning on June 27 and June 29, but they did not turn up. Karti Chidambaram, through his lawyer had informed the agency that he needed more time to appear for questioning.

In May, the agency had conducted raids at premises of Karti Chidambaram, Peter Mukerjea and Indrani Mukerjea at 14 locations in Delhi-NCR, Mumbai and Chennai in the case.

 The agency conducted raids after an FIR was filed against Karti and INX Media along with eight others for alleged irregularities in clearance of FIPB clearance given to the media house for foreign direct investment (FDI) in the year 2007. The probe agency had claimed that the FDI proposal of the media house was “fallacious” but former finance minister P Chidambaram had cleared it.

However, the media house roped in a company which was owned by Karti Chidambaram for consultancy. Its proposal was cleared by FIPB “by virtue of influence exercised over them by Karti P Chidambaram,” the CBI FIR said.
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