INX Media Case: Chidambaram’s hand lands in costly hot soup
Former Union finance minister P Chidambaram faces imminent arrest as the Delhi high court did not honour his anticipatory-bail plea and the Supreme Court willing to hear the bail plea only on Friday, the 23rd.
The INX Media case dates back to 2007 when the company promoted by Indrani Mukerjea and her husband Peter Mukerjea, was given Foreign Investment Promotion Board or FIPB clearance for receiving overseas funds of Rs 305 crore. Incidentally, it was P Chidambaram who was the Union finance minister then. Watch more about the case on MyNation as we make it easy for you to understand in #SimplifiedBy.
