Peter Mukerjea’s INX Media made payments to Karti Chidambaram’s indirectly held firm.

Republic TV has accessed a note which proves that Peter Mukerjea’s INX media had paid Karti Chidambaram’s indirectly held firm. The payment was made for the FIPB (Foreign Investement Promotion Board) clearance. The note was discovered in Peter Mukerjea’s house. The note proves that Karti Chidambaram had direct influence on FIPB.

BJP leader Dr Subramanian Swamy reacted to the note, terming it as an open and shut case. Dr. Swamy said that there was no escape for the Chidambarams. The question to be asked is how could a minister’s son gain access to a department which was linked to his father’s ministry. The Enforcement Directorate (ED) has said that it has fresh evidence to prove Karti’s involvement in the INX media deal case.

Former finance minister P Chidambaram has come out in support of his son saying that he had no connection with anyone from INX media. The ED is now probing certain payments in connection with the INX media deal allegedly received by Karti Chidambaram in the UK. The FIPB unit has also clearly stated for down streaming investment for INX News Media Pvt Ltd, a separate FIPB approval was required. The FIPB did not approve the downstream investment by the INX Media Pvt Ltd in INX Media Pvt Ltd, in a meeting in May 07. However, the recommendations were approved by the then Finance Minister, P Chidambaram.

Source: Republic & India Today

Tony Joseph