As part of the ongoing raids at homes of former Union Finance Minister P Chidambaram’s son Karti, the Central Bureau of Investigation on Tuesday conducted searches at the house of Peter and Indrani Mukerjea, founders of INX Media, in Mumbai.
The searches were in connection with the alleged favours granted in foreign investment clearance to INX Media in 2007
The couple is currently in jail in connection with the murder of Sheena Bora, Indrani’s daughter from an earlier marriage.
CBI sources confirmed the development, but refused to elaborate further.
The CBI has been conducting searches at 17 locations across the country, including New Delhi, Gurgaon, Chennai and Chidambaram’s hometown of Karaikudi, as part of a probe into the alleged criminal misconduct in approval of foreign investments in India.
P Chidambaram has been named in a police complaint in the INX deal, which accuses his son Karti of receiving ‘consultation charges’ after the INX Media won government approval to receive foreign investments.
The agency on Monday registered a case regarding alleged irregularities in granting the Foreign Investment Promotion Board (FIPB) clearance to INX Media in 2007, when Chidambaram was the finance minister.
The agency has registered the case against INX Media through its director Peter, Indrani, Karti Chidambaram, Chess Management Services (a company of Karti), Advantage Strategic Consulting Limited through its director Padma Vishwanathan.