CBI tightened its grip on Karti Chidambaram! Case registered in case related to foreign investment

Corruption Case Against Karti Chidambaram: Congress MP Karti Chidambaram is in new bother. The Central Bureau of Investigation (CBI) has registered a corruption case towards him in a 2008 case. Officials gave this info on Thursday (January 09, 2025).

CBI has registered a case towards Karti Chidambaram, Advantage Strategic Consulting Pvt Ltd (ASPL), his affiliate S Bhaskararaman and different unidentified individuals. This case pertains to the investigation of an alleged rip-off involving the Foreign Investment Promotion Board (FIPB).

suspicion of foreign funding

In 2018, CBI began preliminary investigation in this case. During the investigation it was discovered that Diageo Scotland and Sequoia Capitals had transferred funds in a “suspicious manner” to Advantage Strategic Pty Ltd (ASPL).

ASPL has already been in controversies

ASPL is similar firm which has additionally been underneath the scanner of CBI and ED in the INX Media case and one other case related to granting visas to Chinese staff. In these instances, visas have been allegedly granted in trade for unlawful advantages.

Karti, son of former Union Finance Minister P Chidambaram, has been made co-accused together with Vasan Health Care, British multinational alcoholic drinks firm Diageo Scotland and Sequoia Capital. The case has been registered over alleged irregularities in the lifting of the ban imposed on Diageo Scotland for the sale of duty-free liquor in India in 2008.

What was mentioned in the FIR?

The FIR mentioned, “Investigation revealed that in numerous proposals examined by the Foreign Investment Promotion Board (FIPB), it was discovered that Diageo Scotland and Sequoia Capitals transferred funds in suspicious method to Advantage Strategic Consulting Pvt Ltd , which is an entity managed by Karti P Chidambaram and his shut affiliate S Bhaskararaman.”

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