New Delhi, August 4: Karti Chidambaram, son of former Union minister P Chidambaram, has got a lookout notice issued against him in the FEMA rules violation case investigated by the Enforcement Directorate and the Central Bureau of Investigation(CBI). He has approached the Madras high court after the notice. The hearing has been adjourned to Monday. Also Read - Chidambaram Says Farm Bills 2020 Undermine Food Security System, Slams BJP For ‘Maligning’ Cong's 2019 Manifesto
In July, the Central Bureau of Investigation had issued summons to Chidambaram for questioning. He had been asked to appear on July 21. He didn’t turn up. He had been asked to show up for questioning on June 27 and 29 as well– he had not responded to the summons. Also Read - PM-CARES Fund Received Rs 3,076 Crore Till March 31, Shows Audit Report; Govt Doesn't Disclose Donors
Karti Chidambaram has been accused of getting kickbacks via a company he owns for scuttling a probe against media company INX Media, then controlled by Indrani and Peter Mukherjee. Also Read - 'Will FM as Messenger of God Please Answer': Chidambaram Taunts Sitharaman Over Her ‘Act of God’ Remark
The CBI alleged that in 2007, INX Media had got approval to receive a foreign investment of Rs 4.62 crore. The company, however, received an investment of Rs 305 crore from two Mauritius-based companies. The agency alleged that Karti used his influence–he was the then finance minister Chidambaram’s son– to coerce officials to look the other way. (Also read: Karti leaves for ‘scheduled trip’ to London, Chidambaram says his son will be back)
CBI had booked a case against Karti Chidambaram, INX Media Limited, represented by its then directors Indrani and Peter Mukherjea, Chess Management Services and Advantage Strategic Consultancy on the charges of criminal conspiracy, cheating and corruption. Chidambaram is the director of Chess Management Services.