More cases to be filed against Karti Chidambaram

More cases to be filed against Karti Chidambaram?

The CBI and ED, which are probing Karti Chidambaram in the INX Media case, may open more cases against him following discovery of documents and evidence that show a company allegedly associated with him having played a role in getting FIPB approval for some commercial entities, reports said.

Karti Chidambaram is currently under CBI custody after a Delhi court granted the agency a five-day remand yesterday.

CBI officers on Friday began questioning Karti at 8am, source said. He was confronted with documentary evidence regarding a Foreign Investment Promotion Board (FIPB) granted to INX Media when his father
P Chidambaram was the finance minister.

The ED and CBI said that Karti used to control Advantage Strategic Consulting Private Ltd (ASCPL). The company had allegedly received payments from two other companies when they applied for permission with the FIPB to bring in foreign investment.

The companies got the permission only after ASCPL came into the scene. An official told IE that investigations in these matters have been going on and so far it has been revealed that these companies got permission right after associating with ASCPL.

“Investigations in these matters are going on. There is prima facie case and a pattern is visible that these companies got permission right after associating with ASCPL. More cases could be opened,” an investigator involved with the case was quoted as saying.