Stock image/ Prem SinghNew Delhi, Feb. 28 (Agencies): The Central Bureau of Investigation on Wednesday arrested Karti Chidambaram, son of former Union finance Minister P. Chidambaram, in connection with foreign investment violations in INX Media. The CBI says Karti received money from INX Media for getting it clearances for foreign investment. It says Karti had received Rs 10 lakh for brokering the deal. The CBI has alleged Karti also received money from INX media to scuttle a tax probe. According to the CBI, INX Media clearly states in its records that Rs 10 lakh was given to Advantage Strategic Consulting, a firm “indirectly” owned by Karti, for management consultancy charged towards FIPB notification and clarification.

Source: The Telegraph February 28, 2018 09:00 UTC