Table of Contents
What happened in INX Media case?
Background. INX Media, founded by media entrepreneurs Indrani Mukerjea along with husband Peter Mukerjea, allegedly violated foreign investment laws. INX Media had permission to source foreign investments to the tune of ₹4.62 crore (US$610,000) but it has allegedly received funds worth ₹305 crore (US$41 million).
Who was the owner of Aircel?
Maxis Communications
Apollo Hospitals
Aircel/Parent organizations
What is the meaning of Chidambaram?
wisdom atmosphere
The name of the town of this shrine, Chidambaram comes from the Tamil word Chitrambalam (also spelled Chithambalam) meaning “wisdom atmosphere”. The roots are cith or chitthu means consciousness or wisdom while and ambalam means “atmosphere”.
Who is owner of Aircel?
Is Aircel still working in India?
was an Indian mobile network operator headquartered in Mumbai that offered voice and 2G and 3G data services….Aircel.
| Type | Private |
|---|---|
| Founded | Tiruvannamalai, Tamil Nadu Registered at Coimbatore, Tamil Nadu, India (1999) |
| Founder | Chinnakannan Sivasankaran |
| Defunct | 28 February 2018 |
| Fate | Bankrupt |
Why is Chidambaram famous for?
Located around 250 kilometres from Chennai, this small town is known as the ‘temple town’ of South India. Owing to its pure Dravidian culture and magnificent architecture, Chidambaram is one of the most prominent pilgrimage destinations in India.
What is the P Chidambaram-INX case?
CBI had registered an FIR in May 2017, alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to the INX group for receiving overseas funds of Rs 305 crore in 2007. Chidambaram was Union Finance Minister at the time. Former Union minister and senior Congress leader P Chidambaram.
What is the Karti Chidambaram case all about?
Several years later, while investigating a company associated with Chidambaram’s son Karti Chidambaram, ED found documents linked to INX Media in the computer of Karti’s CA Bhaskarraman. The documents indicated payments made to Karti’s alleged company by INX Media at the time the Finance Ministry granted it FIPB approval.
What is the P Chidambaram money laundering case?
Chidambaram was Union Finance Minister at the time. Last year, the Enforcement Directorate (ED) registered a case of money laundering, and the CBI called Chidambaram for questioning. Earlier this year, Chidambaram moved Delhi High Court to seek anticipatory bail in both the cases.
Why did Ed file case against INX Media?
In 2010, ED registered a case against INX Media for alleged Foreign Exchange Management Act (FEMA) violations. Several years later, while investigating a company associated with Chidambaram’s son Karti Chidambaram, ED found documents linked to INX Media in the computer of Karti’s CA Bhaskarraman.