22 September, 2020

The Case Against Karti

How the CBI built its case against the former FM’s son

Netted
Karti Chidambaram at a Delhi court
Photograph by Getty Images
The Case Against Karti
outlookindia.com
2018-03-10T10:55:48+05:30

After more than two years of stacking up evidence against Karti Chidambaram, the CBI arres­ted him from Chennai Airport on February 28 in connection with a probe into all­eged bribery. The case dates back to when Karti’s father P. Chidambaram was finance minister in the Congress-led UPA-1. In an FIR filed last May, the CBI claimed that INX media founder, Indrani Mukherjee, had paid Karti a bribe of Rs 3.6 crore to manage a Foreign Investment Promotion Board (FIPB) app­roval for 26 per cent FDI in the media company. As per the FIR, INX paid Karti-owned Chess Management Services Rs 10 lakh for “management consultancy charges toward FIPB notification and clarifications”. The remaining Rs 3.5 crore was all­egedly paid to a firm named Adv­antage Strategic Consulting, though Karti’s legal counsel Abh­ishek Manu Singhvi says only four invoices reportedly rec­overed from the computer of Karti’s chartered accountant, Bhaskaran, were produced by the CBI and not evidence of the actual remittances.

The CBI claims Advantage...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


Latest Magazine

September 28, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section