INX Media case: ED arrests Chidambaram; to produce him in PMLA court today



The Enforcement Directorate (ED) has arrested former finance minister P Chidambaram in connection with INX-Media money laundering case following interrogation in the Tihar Jail on Wednesday morning.
Senior Congress leader spent 55 days in CBI and judicial custody in the corruption charges in the same case.
The enforcement agency is likely to produce him in the special PMLA court in the afternoon.
Sources say that ED requires custodial interrogation to confront the evidence it has come across during the probe.
The ED's special public prosecutors on Friday moved a plea seeking production warrant of the senior Congress leader. On Tuesday, Special court Judge allowed the ED to interrogate Chidambaram in Tihar jail and arrest him, if necessary, in connection with the INX Media money laundering case.
Former FM Chidambaram, in ED custody, will face questions related to kickbacks received by shell companies allegedly floated by Karti Chidambaram when approvals were granted by the erstwhile Foreign Investment Promotion Board (FIPB). Read More



Article Source -> Business Standard

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