ED files PMLA case against Karti Chidambaram, others
Enforcement Directorate has filed a money laundering case against Karti Chidambaram, son of former U...
The case has been registered under sections of Prevention of Money Laundering Act in connection with alleged irregularities in the grant of FIPB approval to a company to get FDI.
The action has been taken on the basis of a FIR filed by the CBI against Karti Chidambaram over the allegation that he exercised his influence over Foreign Investment Promotion Board officials to grant foreign investment clearance to a firm, INX Media, in 2007.
Two days back, CBI had carried out searches at 14 locations in Chennai, Mumbai, Delhi and Gurugram related to Karti Chidambaram.
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