Enforcement Directorate arrests Karti Chidambaram's CA

Karti Chidambaram

The Enforcement Directorate (ED) on Friday arrested S Bhaskararaman, the chartered accountant of Karti Chidambaram, in connection with INX Media money-laundering case and produced him before a Delhi court, which sent him to five-day custodial interrogation.

Bhaskararaman was produced before the court after he was arrested by the agency, from a five-star hotel in the heart of the national capital, early on Friday. The ED had sought a 14-day custody of the CA. The ED, through its special public prosecutor Nitesh Rana, alleged that Bhaskararaman had failed to appear before it even after issuing of several summons and was not cooperating with the probe.

Karti's name had cropped up in the case, which relates to Foreign Investment Promotion Board approval granted in 2007 for receipt of funds by INX Media, when his father and senior Congress leader P Chidambaram was the Union finance minister during the UPA regime.

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2007
The year FIPB granted approval for receipt of funds by INX Media

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