Chidambaram appears before ED in INX media case

Chidambaram appears before ED in INX media case

Agency News

New Delhi, Jan 7: Former Finance Minister and senior Congress leader P Chidambaram on Monday appeared before Enforcement Directorate for questioning which is probing his role in the INX media money laundering case for giving a Foreign Investment Promotion Board (FIPB) clearance to the group in 2007.

According to a source in the probe agency, Mr Chidambaram also appeared before the agency in last month.

The ED had registered a case under Prevention of Money Laundering Act against him after the Central Bureau of Investigation’s FIR alleging irregularities that took place in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 during his tenure as the Union Finance Minister in UPA Government.

The Delhi High Court has extended him the interim protection from arrest till January 15 and also directed him to cooperate with the financial probing agency. (UNI)