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:
CBI FIR on Karti in FIPB Approval of INX Media May 15, 2017 by PGurus on Scribd
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This is only the tip of the iceberg – only one guy caught. Ppl. Should wake up and see how many other crooks have been looting the country for decades. Looks like they will never be caught. Sharad pawars? Yadavs? Lalus? The corruption in the North is probably a million times greater, yet no one is exposed… Why? Is there a self cleansing mechanism in place, by default? Or will these money rakshasas be caught only by accident, if at all? The money recovered should be used exclusively for elevating poverty and uplifting the exploited. When will all the benami properties in India be recovered and when will the foreign black money be brought back? Just asking and hoping!
I am glad to see Chidambarams in trouble .It serves them right .
What I never liked about Mr.P.Chidambaram was ,his exaggerated sense of self- worth and a superiority complex.The disdain he showed towards his opponents and the way he looked down upon them, especially the BJP and the RSS ,whom he called the saffron brigade., used to irritate me. He still does not believe that Mr.Modi has it in him to successfully run this country.
But he is willing to serve the Gandhi family without question and does not mind looking up to Mrs.Sonia or Mr. Rahul Gandhi ( Pappu ) for directions , who are his maai baap / masters .
PC,affectionately known as Proclaimed Chor.is trying to deflect the issue claiming vendentta. If he has PC that is PURE CONSCIENCE it may help him in the Altar of Almighty.,
Stupid Chidambaram, will he be able to take all those black money to hell or heaven when dead ? Will his family be able to enjoy any ONE of the properties or keep worrying every moment that someone will snatch away all the fortunes one day.
He is a descendant of Rajaji, brought disgrace, defame & insults to the eminent freedome fighter Rajaji & his moral values.
who is descendant of Rajaji here? i think C.R.kesavan a guy who comes on TV as INC spokesperson is one from Rajaji heritage.
imho Former Fin Min comes from Sri Raja Annamalai chettiyar..is that not so?
Others can correct me if am wrong..
YOU ARE CORRECT. PL.DO NOT DEFAME RAJAJI. THEY HAVE NO CONNECTIONS
You know very little.Rajaji and PC are like chalk and cheese , no connection at all.PC is part of nattukottai chettiar clan and this close knit covert group of super rich made their pile as kandhu vatti characters – money lenders in english but became big during british rule hanging on to their coat tails making their loot in far off places especially burma.Old time Burmese have “pleasant memories” of these chettiars, one of famous whom probably came back in a gunny sack.Everybody in india know marwaris but the naattukottai clans are their jambhavans.His father was very rich and his grand father was the well known super rich of those times raja annamalai chettiar who was rumoured to have owned more than 20% of India’s gold.Interesting part is that this super rich brainy kid becomes a left wing loony probably saw an opportunity to worm his way into congress using the poor workers to further his political career..When one is born in a family of untold riches in a very poor exploited country like India why should one go after further riches thro’ devious means is beyond me.nehru seems to have inspired crooks and the congis is full of them.
Rider – Majority of the clans are highly religious hard working highly educated and some of them have established industries with high integrity.They can give an education to the world on money handling.PC seems to have decided to keep the clans name honest so that all praise and accolades do not go to them in their entirety for their philanthropy.
All these dramatic IT raids serve only for political mileage esp Modi Govt completin 3 yrs in power and possibly tryin to show these premature steps as achievements..
One need to see when will the money involved be recovered most importantly and will this Govt fight this case to logical conclusion sincerely in courts given the past poor record of BJP Govt (esp one under Vajpayee period)in providing loopholes to Bofors accused,Gandhis cases etc…
Excellent and informative article.Hope this family of crooks doesn’t get escape routes thro’ lutyen wheeler dealer.I don’t know how concrete these charges are but then even ED-It expose of huge deposits in 21 illegal bank accounts seems to have not been nailed even after a year of coming to know of it.Everything is shady in this country and the joker party is not immune to it from their track records so far.