Reportedly former Finance Minister P chidambaram is facing arrest in the INX media case and has moved the Supreme Court against delhi High Court order on Tuesday, quashing his anticipatory bail plea. Meanwhile the delhi High Court while rejecting his anticipatory bail on August 20 stated that the former Finance Minister was the "kingpin i.e key conspirator" in the INX media case and called it a classic case of money laundering.
Furthermore the case dates back to May 2017, when the Central Bureau of Investigation (CBI) filed an FIR alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to the INX Media company. Further the CBI accused the company of receiving overseas funds to the tune of Rs 305 crore in 2007 when P chidambaram was the Union Finance Minister and the CBI stated that in order to avoid punitive action for this violation, the media group entered into a 'criminal conspiracy' with Karti chidambaram, knowing that his father was the then Finance Minister of india.
Apparently the agency also stated that by virtue of the influence exercised over them by Karti chidambaram, the then Finance Ministry "not only ignored the serious illegality on the part of INX Media (P) on both the counts (on unapproved and unauthorized downstream investment and on excess foreign inflow received) but also deliberately embarked on showing undue favor to the INX group by abusing their official position."
At Howdy Modi Event Modi called US President Trump his true friend When speaking to a crowd of around 50,000 Indian-Americans in Houston, Texas on Sunday, Prime Minister Narendra Modi called US President Donald Trump a friend of India, and gave a wide ranging speech that referenced Article 370 in Jammu & Kashmir and Pakistan's animosity towards India. Meanwhile the event has been called as "Howdy Modi," which spurred PM Modi to answer the question
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