What is the Chinese visa money laundering case
Karti Chidambaram has appeared before the ED in the Chinese visa money laundering case.
- Karti Chidambaram, son of former finance minister P. Chidambaram, has appeared before the Enforcement Directorate (ED) in connection with the Chinese visa money laundering case.
- The case involves allegations that Karti Chidambaram took a bribe of USD 2 million to facilitate Foreign Investment Promotion Board (FIPB) clearance for INX Media, a media company.
- The bribe was allegedly received in the form of investments in a company linked to Karti, and it is suspected that this money was later transferred to overseas accounts.
- The ED is investigating the money laundering aspect, specifically focusing on alleged transactions made through shell companies and possible links to Chinese entities.
- Karti has previously been arrested in connection with this case by the Central Bureau of Investigation (CBI) and had obtained bail.
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