per which he is required to inform the Central Bureau of Investigation and the Enforcement Directorate prior to leaving the country. He has appealed to the Madras High Court to withdraw the circular and his plea will be taken up by the court on 7th August.
A business man as well as a Congress leader, Karti, is being probed for corruption and foreign exchange violation in the INX Media case. The company, which was at the time run by Peter Mukerjea and his wife Indrani Mukerjea, had raised around Rs 350 Crores while it had a license for foreign investment worth Rs 4.62 only. The CBI has alleged that Karti Chidambaram had used his father’s influence in the finance ministry to get the approvals. It further claimed that he has received payments amounting to Rs 3.5 Crores in exchange for facilitating the breaking of foreign investment laws.
As reported by NDTV, P. Chidambaram, as well as Karti, has denied all these allegations and said that they were politically motivated.