INX Media case: CBI detains Karti Chidambaram for manipulating tax probe

INX Media allegedly violated norms by making a downstream investment of 26% in INX News without FIPB approval

Former finance minister P Chidambaram's son and businessman Karti Chidambaram was detained by the Central Bureau of Investigation (CBI) in Chennai on Wednesday in connection with the INX money laundering case. It was alleged that he violated the Foreign Exchange Management Act. 

Chidambaram was detained at Chennai Airport while he was returning from a foreign trip, according to his public relations officer. A few weeks ago, Karti's chartered accountant S Bhaskararaman had been arrested from a hotel in Delhi. 

The Enforcement Directorate (ED) had earlier claimed that during the course of investigation, it was revealed that Bhaskararaman had been