NEW DELHI: A
special CBI court
on Wednesday summoned former Union finance minister
, his son
and others in the INX Media money laundering case after taking cognisance of the complaint filed by the Enforcement Directorate (ED) against them. Special CBI judge MK Nagpal summoned them on April 7.
“I find sufficient material and grounds for proceeding further in the matter against all the ten accused persons named in the complaint,” the court stated.
It is alleged that Karti exerted influence on
Foreign Investment Promotion Board
(FIPB) to prevent punitive action against M/s INX Media Pvt Ltd, which had violated the foreign exchange guidelines related to foreign direct investment. In lieu of the favour, a substantial amount was paid to the companies in which Karti had sustainable interest, directly or indirectly, the ED has alleged.
According to the investigating agency’s complaint filed on June 1, 2020, Chidambaram generated proceeds of crime by granting and subsequently regularising FIPB approval to M/s INX Media Pvt. Ltd. The agency alleged that the direction to help Karti is one of the important steps of the scheme of money laundering devised by Chidambaram along with his son and close confidants.
It is also alleged that the proceeds of crime generated in this case were laundered by Karti and other co-conspirators and invested in immovable and movable properties