According to sources the CBI alleges that in order to wiggle out of the situation without any punitive action, INX Media entered into a criminal conspiracy with Karti Chidambaram, whose father P Chidambaram was then the Finance Minister. Meanwhile based on clarifications suggested by Chess Management Services, whose promoter is Karti, INX Media replied to FIPB’s letter “justifying their actions”.
Furthermore according to sources the CBI alleges that owing to Karti’s influence, the concerned officers and officials of the Board not only ignored the violations on the part of INX Media but also advised the group to apply for fresh FIPB approvals. This “deceitful and fallacious” proposal was later approved by the then Finance Minister P Chidambaram.
Accordingly as per report CBI alleges that for
getting the FIPB issue scuttled, Karti was paid for his “services” by INX
Media, with invoices raised in the name of Advantage Strategic Consulting Pvt
Limited (ASCPL) to the tune of Rs 10 lakh. Moreover ASCPL is indirectly
controlled by Karti, claims the agency, and the reason to raise the invoice
against its name was to conceal his identity.
