The Central Bureau of Investigation today arrested Former Finance Minister P Chidambaram's son Karti Chidambaram in connection with INX media money laundering case. The investigating agency nabbed Karti Chidambaram at Chennai Airport on his return from London. Reports suggest that junior Chidambaram was arrested for not cooperating with the agency.

Last year in May, the CBI lodged an FIR against Karti Chidambaram for alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media. It said that INX Media received overseas funds to the tune of Rs 305 crore in 2007 when his father P Chidambaram was the Finance Minister during the then UPA regime.

Not only CBI, the Enforcement Directorate is also probing Karti Chidambaram for money laundering. Last year, the ED registered a case of money laundering against Karti under the Prevention of Money Laundering Act. The ED in its FIR said that Karti received money from INX Media in return for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board conditions to receive investment from Mauritius.

The Enforcement Directorate had earlier summoned Karti to appear before the agency on March 1. The CBI and ED have both grilled Karti Chidambaram on multiple occasions. Reacting to Karti Chidambaram's arrest, Subramanian Swamy said that all this will lead to P Chidambaram. "P Chidambaram is the main culprit and Karti Chidambaram is a beneficiary," Swamy said.

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