Tag: FIPB
15 Results
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6 bureaucrats get bail in connection with INX Media case
The court issued a notice to CBI on the bureaucrats' bail plea and has posted the matter for hearing on December 17.
November 29, 2019 -
71 ex-bureaucrats write to PM Modi over prosecution of 4 former officers in INX Media case
They demanded that there should be a reasonable period of time after which files should not be reopened.
October 5, 2019 -
Chidambaram plea to surrender in money laundering case rejected, to remain in Tihar
Chidambaram is under probe by CBI and ED over alleged irregularities in the FIPB clearance granted to INX Media for receiving overseas funds of Rs 305 crore in 2007 during his tenure as Finance Minister.
September 13, 2019 -
P Chidambaram, son Karti get anticipatory bail in Aircel-Maxis deal case
The CBI is probing as to how Chidambaram, who was the finance minister in 2006, granted FIPB approval to a foreign firm when only the Cabinet Committee on Economic Affairs (CCEA) was empowered to do it.
September 5, 2019 -
INX Media case: Chidambaram arrested in late night drama, to be produced before court today
His arrest came as officials of the CBI scaled the walls of his residence in Delhi, minutes after his press conference at the party headquarters where Chidambaram said he was 'not hiding from the law'.
August 22, 2019 -
INX Media case: ED seizes assets of Karti Chidambaram worth Rs 54 Cr in India, abroad
Karti Chidambaram termed the ED seizure as 'bizzare and outlandish which is not based on law or facts'.
October 11, 2018 -
Karti approaches Supreme Court in Aircel Maxis case
Karti Chidambaram, son of former Finance Minister P Chidambaram, has approached the Supreme Court on the issue of a summons issued to him by the CBI in the Aircel Maxis case. Karti, who was asked by the CBI to appear for questioning in the matter today, sent a five-page submission through his lawyer asking the …
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October 4, 2017 -
Let Centre show overseas assets and seize them: Karti Chidambaram to SC
Denying he held undisclosed assets abroad, former Finance Minister P Chidambaram’s son Karti Chidambaram on Monday told the Supreme Court that the Centre should disclose any overseas assets held by him or his family and seize them. “My father, mother, wife, and myself are income tax payees. If the government or its agencies can tell …
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September 11, 2017 -
Chidambaram asks why six FIPB secretaries not named as accused
Former Finance Minister P. Chidambaram on Saturday asked the government why it had not named six secretaries of the Foreign Investment Promotion Board (FIPB) if the 2007 clearance given to a media house for receiving foreign funds was wrong. The case involves his son Karti. "If FIPB approval in a particular case was wrong, why …
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August 5, 2017 -
My son didn’t influence FIPB decision: Chidambaram
Former Finance Minister P Chidambaram on Monday said his son Karti Chidambaram, against whom the CBI and ED have filed cases, never met any official connected with the Foreign Investment Promotion Board (FIPB) nor did he influence the board by corrupt or illegal means. "Anyone who has worked with me knows that no one would …
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May 29, 2017 -
Cabinet clears abolition of Foreign Investment Promotion Board
The Union Cabinet on Wednesday approved the winding up of the 25-year-old Foreign Investment Promotion Board (FIPB), which currently vets FDI proposals requiring the government approval. Finance Minister Arun Jaitley in his Budget speech on February 1 announced scrapping of the inter-ministerial body, which comes under the finance ministry’s Department of Economic Affairs. The FIPB …
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May 24, 2017 -
FIPB may be abolished soon
The Union Cabinet will soon take a call on the winding up of the 25-year-old Foreign Investment Promotion Board (FIPB), Commerce and Industry Minister Nirmala Sitharaman said on Saturday. "A decision has been made for closure of the FIPB. Necessary arrangements will have to be made on which discussions have happened among several ministries… The …
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May 20, 2017 -
Of kickbacks and duels: Chidambarams vs Swamy
If nobody, BJP leader Subramanian Swamy should feel victorious with the CBI raids at the houses and properties owned by former Finance Minister P Chidambaram and his son Karti in Tamil Nadu. It is Swamy who, for long, has been collecting “proofs” and sharing them with the media with regard to the hidden bank accounts …
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May 16, 2017 -
Karti Chidambaram decries CBI case against him
Former Finance Minister P Chidambaram's son Karti on Tuesday said the filing of cases against him and raids on his properties were being done out of political vendetta and to muzzle his father's voice against the central government. He also asserted that he had committed no crime and the government cannot establish any guilt against …
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May 16, 2017 -
Government ‘wants to silence my voice’, says Chidambaram
With the Central Bureau of Investigation (CBI) raiding P Chidambaram's residence in Chennai on Tuesday, the senior Congress leader said the government wanted to silence his voice. "By using CBI and other agencies, government is targeting my son and his friends and it wants to silence my voice," Chidambaram said. "Government wants to stop me …
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May 16, 2017