Home Politics 5 Things You Must Know About P Chidambaram Case

5 Things You Must Know About P Chidambaram Case

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Source: curiouskeeda.com

Former Union Minister of our country, P Chidambaram,  is facing serious investigations in the INX Media case and the Aircel-Maxis case. The Enforcement Directorate and Central Bureau of Investigations have accused Chidambaram for misusing his position as a Finance Minister. 

Here are 5 things about this case that you must be aware of: 

1.When It Started? 

In the year of 2017, the CBI filed an FIR against Chidambaram for misusing his Finance Minister position where he granted FIPB (Foreign Investment Promotion Board) clearance to INX Media. Chidambaram’s son was also involved in this scam. 

Whereas, the Aircel-Maxi case officially began in March 2018, which was based on money-laundering.  His son, Kranti Chidambaram, was also involved in this case. 

However, all the scams kickstarted in the year of 2006/2007 when Chidambaram was the FinanceMinister of India.

2. The Involvement of The ED and The CBI Team

The ED (Enforcement Directorate) and the CBI (Central Bureau of Investigation) Team attempted to look out for P Chidambaram but the minister and his son is inaccessible. The teams wanted to question the father-son duo. CBI and the ED were unable to trace them. The ED issued a notice against veteran Congress leader and former Home and Finance Minister, P Chidambaram, today itself. 

3. The FIPB Approval

Finance Minister granted FIPB approval to INX Media House. However, only the Cabinet Committee on Economic Affairs (CCEA) was allowed to permit grants then.

4. Funds included in the scams

The funds that the government received for clearing the FIPB for INX Media was INR 307 crores. 

5. Relief from the supreme court

While chasing Chidambaram and his son, the supreme court issued interim relief to P Chidambaram and Kranti Chidambaram almost 20 times in the past two years.

The whole country is going mad over this recent P Chidambaram case. That’s how Aam Janta is expressing their concerns on the internet. Take a quick look:

What’s your opinion? Let us know in the comment section below!

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An avid researcher who aims to uncover all major political and business events through a wide lens. From understanding "breaking news" to reading impactful research papers, she always endeavors to contribute something new with her writing. She has presented her work at world-class platforms such as CCI (Competition Commission of India), IIT-D's Industry Day (organized by Indian Institute of Delhi), etc. Her serious demeanor changes in front of the Indian cuisine and she wishes to taste every possible cuisine in her life while she travels all exquisite corners of the world.