The long arm of the Law
At last law catches up former Finance Minister P Chidambaram and son Karti. After registering a First Information Report (FIR) on May 15th evening at the Special Central Bureau of Investigation (CBI) Court in Delhi, in the early hours of Tuesday, the CBI sleuths secretly came knocking on Chidambaram’s doors in Chennai and 16 other places. The FIR is registered for accepting kickbacks from INX Media for illegally giving Foreign Investment Promotion Board (FIPB) clearances. This illegality was unearthed by the ED-IT joint raid in December 2015 in connection with Aircel-Maxis scam. But using his clout in Lutyens’ Delhi, Chidambaram was silencing all.
Chidambaram was caught because of the relentless pursuit of BJP leader Subramanian Swamy.
As per the FIR, murder accused INX TV owners Indrani & Peter Mukerjea paid bribes to Chidambaram’s son Karti in 2007 for violating FIPB approvals. FIR also named the TV channel, Karti linked firms Advantage Strategic Consulting, Chess Management and unknown officials of Finance Ministry.
The 12 page FIR of CBI details the violations and kickbacks by Chidambaram’s son Karti. INX actually got Foreign Investment Promotion Board (FIPB) clearance for around Rs.4.5 crores ($700,000). But Indrani and Peter’s TV channel brought more than Rs.300 crores ($46.81 million) illegally. The Income Tax found this fraud and issued a notice to the TV channel. The TV channel owners approached Karti to save them from Income Tax action. By taking a bribe of around Rs. 5 crores ($780,000), Karti helped the TV channel to escape from the clutches of IT and illegalities were committed in giving them a fresh FIPB clearance. Finance Minister Chidambaram was at that time the Chairman of FIPB.
Apart from Prevention of Corruption Act, charges for criminal conspiracy and cheating are charged on the accused. Chidambaram and his trusted aides in Finance Ministry will be questioned by the CBI in the coming days.
Chidambaram was caught because of the relentless pursuit of BJP leader Subramanian Swamy. Last month he had exposed the Income Tax findings on the massive secret illegal assets of Chidambaram family in 18 countries. These details were unearthed by ED and IT joint raids in connection with Aircel-Maxis scam.
The 12 page FIR detailing the frauds committed by Karti and INX TV channel owners are published below:
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