HW English
Business Tit-Bits

Will Chidambaram go scot free?


Former Union Home and Finance Minister P. Chidambaram and his son Karti are being investigated by the CBI and ED for two seperate cases i.e. Aircel-Maxis case and the INX Media case. Both involve charges of misuse of authority, money laundering and corruption. The Aircel-Maxis case involves an approval by FIPB of a 3,500 crore ₹ investment, where only 600 crores was legally permitted. The INX media case was revealed by the infamous Indrani/Peter Mukerjea duo and involved bribe given to Karti Chidambaram for keeping authorities at bay for an illegal investment. In both these cases Chidambaram has used his acumen and networking to buy time and weaken the case against him. He now only has to buy more time till the elections and hope a more accomodating government comes to power in a few months.

Related posts

The ILFS scam, will the kingpins be punished?

Akhilesh Bhargava

Banks to write off losses of Rs 21000 cr, in case of Bhushan Steel.

Akhilesh Bhargava

Why are IL&FS and Patanjali accounts doubtful?

Akhilesh Bhargava