The CBI had also alleged that INX Media had engaged a firm linked to Karti Chidambaram to resolve an issue with the IT dept. The CBI registered its case on May 15, 2017, alleging irregularities in FIPB clearance granted to INX Media for receiving overseas funds of Rs 305 crore in 2007.
After noting that only Chidambaram and accountant Bhaskaraman were arrested, the court also issued notices to the sureties of both of them to produce them before the court on the next date of hearing.
The Supreme Court has allowed MP Karti P Chidambaram to travel abroad on condition to deposit Rupees 2 crores. The Apex Court has also directed him to furnish his itinerary and the place where he will stay.