Recognised By: THE PRIME MINISTER OF AUSTRALIA & PREMIER/GOVERNER & CHIEF COMMISSIONER OF POLICE OF VICTORIA      Victoria's first Melbourne Monthly Newspaper since October 1993

Local News

Her statement led to Chidambaram’s arrest


NEW DELHI, 21 AUG. Indrani Mukherjea and her husband Peter Mukherjea, who owned INX Media had claimed in their statement to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) that when they met P Chidambaram (then a finance minister) in his North Block office in 2006, he asked them to meet his son - Karti - and suggested that they help him in his business.

She had recorded in her statement on February 17, 2018, now part of court documents, that Karti had asked them (Mukherjeas) for a bribe of $1 million when they met at Hyatt hotel in Delhi. They worked out a plan according to which Mukherjeas engaged Karti’s company Advantage Strategic Consulting Pvt Ltd (ASCPL). As part of the alleged quid pro quo, ASCPL and its associated companies around this time raised four invoices for $700,000 (Rs 3.10 crore) on INX Media and were reimbursed. Soon, FIPB gave its approval to fixx the irregularities. According to an CBI official who did not wish to be named, in March 2007, INX Media breached the condition on which it had been allowed by FIPB (foreign investment promotion board) to raise 46% equity through issue of shares. Against the permission to raise Rs 4.62 crore by issuing shares at face value, the company got in Rs 305 crore by issuing shares at a premium. In addition, it also bypassed FIPB to make 26% downstream investment in INX News Private Limited.



Intesols - Intelligent Solutions for all businesses

Local News

View your local news
Local news

Sports

Cricket, soccer, footy, tennis and more
Sports

About us

About us
About Us Us

Contact Us

Get Contact Details
Contact Us