Foreign Investment Promotion Board

Timelines

18 Oct 2019

CBI charges P Chidambaram, 13 others, in INX Media case

Congress leader and ex-Finance Minister P Chidambaram was among those named in the charge-sheet filed by the Central Bureau of Investigation in the INX Media case on Friday. The CBI also charged Chidambaram's son, Karti.

15 Oct 2019

Enforcement Directorate allowed to arrest Chidambaram in INX Media case

On Tuesday, a special Delhi court allowed the Enforcement Directorate to arrest former Finance Minister P Chidambaram in the INX Media money laundering case.

10 Sep 2019

INX Media Case: CBI questions Indrani Mukerjea in prison

The Central Bureau of Investigation (CBI), which is investigating alleged corruption in foreign funds which INX Media received years ago, questioned Indrani Mukerjea in Mumbai's Byculla jail on Tuesday.

09 Sep 2019

INX Media case: In message from Tihar, Chidambaram 'defends' officers

Former Finance Minister P Chidambaram, who is currently in Tihar jail, said on Monday that he doesn't want any of the officers involved in the INX Media case to be arrested as they didn't commit any wrongdoing.

19 Dec 2018

Aircel-Maxis case: P Chidambaram summoned by ED

Former Union Minister and senior Congress leader P Chidambaram, was on Wednesday summoned by the Enforcement Directorate in the Aircel-Maxis case, ANI reports.

25 Oct 2018

In Aircel-Maxis case, Chidambaram named as accused in chargesheet

The Enforcement Directorate on Thursday named former Union Minister P Chidambaram as accused no. 1 in the Aircel-Maxis case. The senior Congress leader's son Karti and his accountant Bhaskar Raman were also mentioned in the chargesheet.

19 Jul 2018

Aircel-Maxis case: CBI files charge-sheet against Chidambaram, son Karti

The Central Bureau of Investigation (CBI) today filed a supplementary charge sheet against former Finance Minister P Chidambaram and his son Karti, naming them the accused in the Aircel Maxis deal case.

10 Jul 2018

Aircel-Maxis case: Chidambaram, son protected from arrest till Aug 7

A Delhi court today extended the protection from arrest granted to former Union Minister P Chidambaram and his son Karti in Aircel-Maxis money laundering case till August 7.

20 Jun 2018

#AircelMaxisCase: SC judge recuses from hearing Subramanian Swamy's plea

A Supreme Court judge recused herself from hearing BJP leader Subramanian Swamy's plea seeking to implead himself as a party in a case related to probe into alleged disproportionate assets of ED officer Rajeshwar Singh, who is investigating the Aircel-Maxis deal case.

12 Jun 2018

Aircel-Maxis: Chidambaram summoned by ED for second round of questioning

Former Finance Minister P Chidambaram today reached the ED headquarters in Delhi for the second round of questioning in the Aircel-Maxis case.

06 Jun 2018

INX Media case: Chidambaram arrives at CBI HQ for questioning

Former Finance Minister P Chidambaram on Wednesday went to the CBI headquarters for questioning regarding foreign investment clearances given to INX media during his tenure.

05 Jun 2018

Aircel-Maxis: No arrest for Chidambaram till July-10, but summons tomorrow

Five days after former finance minister P Chidambaram sought relief in the Aircel-Maxis case, a Delhi court today granted him protection from arrest till July 10.

26 Mar 2018

INX-case: CBI plans confronting Peter Mukerjea with Karti Chidambaram

The CBI has got custody of Peter Mukerjea, former director of INX Media, for five days. In its affidavit, it said it plans to bring him face to face with Karti Chidambaram in the INX money laundering case.

23 Mar 2018

INX money-laundering: Karti gets bail after 13-days in Tihar Jail

Karti Chidambaram, son of former Finance Minister P Chidamabaram, is out on bail in the INX money laundering case after 13 days in Tihar Jail.

12 Mar 2018

CBI seeks judicial custody while Karti wants separate prison cell

The CBI produced Karti Chidambaram in court today after his three-day police custody expired, and has now sought 15-day judicial custody, saying he remained "evasive" and "non-cooperative" during interrogation.

09 Mar 2018

Delhi HC grants Karti Chidambaram temporary relief from arrest

In some relief for Karti Chidambaram, son of former finance minister P Chidambaram and an accused in the INX money-laundering case, the Delhi HC has refrained the ED from arresting him till March 20.

06 Mar 2018

INX case: SC refuses Karti Chidambaram protection from arrest

The SC has refused to grant interim protection from arrest by the Enforcement Directorate (ED) to Karti Chidambaram in the INX money laundering case.

05 Mar 2018

INX money-laundering: Karti paid Rs. 1.8cr to influential political leader

ED has claimed that Karti Chidambaram, under investigation in the INX money laundering case, paid a senior political leader Rs. 1.8cr in five instalments in over 3.5 years.

04 Mar 2018

INX-case: Karti to be confronted with the Mukerjeas in Mumbai

The CBI has taken Karti Chidambaram, son of former finance minister P Chidambaram, to Mumbai for questioning in the INX money laundering case.

01 Mar 2018

INX money-laundering: CBI seeks 14-day custody to grill Karti Chidambaram

The CBI has sought 14-day custody of Karti Chidambaram, son of former finance minister P Chidambaram, in the INX money laundering case.

01 Mar 2018

Karti Chidambaram's arrest: Congress says, PM diverting from corruption scandals

Slamming the graft allegations against P Chidambaram's son Karti, Congress claimed that PM Narendra Modi is desperately trying to divert people's attention from the corruption scandals tumbling out of BJP's closet.

28 Feb 2018

Karti Chidambaram arrested in INX money laundering case

The CBI arrested Karti Chidambaram from the Chennai airport this morning in the INX money laundering case.

24 Feb 2018

Chidambaram approaches SC seeking "fundamental-rights" protection amid CBI, ED raids

Senior Congress leader and former Finance Minister P Chidambaram moved the Supreme Court seeking protection of his fundamental rights, following the raids and summons to his son Karti by CBI and Enforcement Directorate.

13 Jan 2018

ED raids Karti Chidambaram's premises in Delhi, Chennai

Chidambarams continue to be haunted by scams. Now, the Enforcement Directorate (ED) has conducted raids at various premises linked to Karti Chidambaram, senior Congress leader P Chidambaram's son.

04 Oct 2017

CBI: Karti tampered with evidence during visits abroad

The CBI has alleged in the SC that Karti Chidambaram, former FM P Chidambaram's son, has tampered with evidence related to an alleged corruption case by closing foreign bank accounts when he went abroad this year.

25 Sep 2017

ED attaches Karti Chidambaram's assets worth Rs. 1.16 crore

The Enforcement Directorate (ED) has attached bank assets worth Rs. 1.16 crore belonging to Karti Chidambaram over the alleged money laundering in the Aircel-Maxis case.

14 Aug 2017

Centre challenges Madras HC relief to Karti Chidambaram in SC

The Centre has moved the SC against a Madras HC order staying "unwarranted lookout circulars" against Karti Chidambaram issued by the Centre in an alleged corruption case.

19 Jul 2017

INX Bribery case: Karti Chidambaram summoned for CBI questioning

In yet another trouble for former Finance Minister Chidambaram's son Karti, CBI summoned him for questioning on 21 July.

25 May 2017

FIPB comes to an end to facilitate ease of business

The Union cabinet has okayed the abolition of 25-year-old Foreign Investment Promotion Board (FIPB), whose purpose was to vet Foreign Direct Investment (FDI) proposals in India, as most of the FDI money now comes via automatic routes.

16 May 2017

CBI raids the Chidambarams' premises over INX deal

On 16th May, the CBI searched 17 premises linked to Chidambaram, his son Karti, and the jailed couple Indrani and Peter Mukerjea as part of a wider probe into suspected criminal misconduct in foreign investment approvals.

17 Apr 2017

ED sends notice to Karti Chidambaram for Forex violation

The Enforcement Directorate has issued a show-cause notice to M/s Advantage Strategic Consulting Private Limited and Karti Chidambaram for alleged forex violations of Rs. 45 crore during the sale of shares of a company to overseas investors.

03 Apr 2017

ED submits report on Chidambaram's role in Aircel-Maxis case

The Enforcement Directorate has submitted its report on P Chidambaram's alleged violation of the Foreign Investment Promotion Board's rules in the Aircel-Maxis case.

23 Mar 2017

Has the government's 'Make in India' borne fruit?

Two years after the launch of 'Make in India', only the services sector seems to have received significant FDI whereas manufacturing, except electronics and automobiles, has been overlooked.

22 Mar 2017

Make in India: Five sectors fail to attract FDI proposals

The Parliament was informed that five sectors, including defence, ports, and coal have failed to attract any 'Foreign Direct Investments' during April-December of the current fiscal.

02 Feb 2017

Vijay Shekhar: Budget 2017 will boost digital services

According to mobile e-wallet Paytm's founder Vijay Shekhar, budget measures will build a more inclusive economy and increase access to digital services.

01 Feb 2017

Bank stocks soar, Sensex over 485 cheering Jaitley's Budget

Public Sector Undertaking (PSU) bank stocks shot up as Finance Minister Arun Jaitley announced allocation of Rs. 10,000 crore towards recapitalization of public sector banks in Budget 2017-18.