CBI And ED Issues Lookout Notice On Chidambaram
CBI and ED issues Lookout Notice on Chidambaram. The Congress leader and former Finance Minister in UPA government P Chidambaram was facing arrest due to his role in the “INX Media case”, in which he is accused of providing foreign investment around 307 crores in a media company as Finance Minister in the Congress-led UPA-1 government in 2007, at the instance of his son Karti Chidambaram.
The INX Media case CBI and the ED officials visited his residence on Tuesday night. At that time Chidambaram was not his residence so the CBI pasted a notice outside the house asking the former Finance Minister to appear before it within two hours of receiving the note. The High Court denied him protection from arrest on Tuesday, after which the CBI visited his home in Delhi twice.
This comes a day after the Delhi High Court said on Tuesday that the INX media case was a “classic case of money laundering” and prime accused may take into custody and required effective investigation.
CBI told the Supreme court that “It is a monumental magnitude of money laundering case.”