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INX Media case: CBI to take Indrani Mukerjea to Delhi

The agency is likely to take Indrani to Delhi on Monday 

mumbai Updated: Feb 02, 2018 23:28 IST
Charul Shah
Charul Shah
Hindustan Times
Mumbai,Indrani Mukerjea,Sheena Bora murder case
Indrani Mukerjea is lodged in Byculla jail in connection with the Sheena Bora murder case.(HT FILE)

The Central Bureau of Investigation is set to arrest Indrani Mukerjea in the INX media case. The agency had last week obtained a production warrant from Delhi’s special CBI court to bring Indrani to Delhi in connection with the INX media deal case. Indrani, lodged in Byculla jail in connection with the Sheena Bora murder case would be taken to Delhi and produced before the said court.

On Friday, the special CBI court in Mumbai hearing the Sheena Bora murder case, informed Indrani’s lawyer about the receipt of the warrant. The court told the lawyers that the case would be at stand still till Indrani is in the custody of the Delhi CBI. The court further said that the agency is likely to take Indrani to Delhi on Monday.

As per the case registered with CBI, INX media, where Indrani was one of the director, had approached the chairman of Foreign Investment Promotion Board (FIPB), Department of Economic Affairs seeking approval for foreign investment on March 13, 2007. THE FIPB had, through its letter dated May 31, 2007, permitted the firm to receive foreign investment for Rs46.2 million.

However, the company had already received foreign investment totalling to Rs3,053 million between August 2007 and May 2008. The agency claimed that Thus, excess foreign exchange equivalent to Rs. 3007.4 million, beyond the disclosed and permitted foreign investment was received by M/s. INX Media from 3 Mauritius based foreign investors.

It is alleged that the board had failed to take action against the company even after questions being raised by the income tax department. The agency claimed that as soon as the questions were raised, Indrani Mukerjea and Peter Mukerjea entered into a criminal conspiracy with Karti Chidambaram, son of P Chidambaram, the then Union finance minister, so as to get the issue resolved amicably by influence of the officers of FIPB.

CBI, which registered a case, claimed that Karti Chidambaram had received kick backs from INX media for resolving the issue.

First Published: Feb 02, 2018 23:28 IST