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CNBC-TV18 Explains: What is the INX Media case and why was Chidambaram arrested?

Updated : August 22, 2019 02:26 PM IST

Investigators took Chidambaram from his New Delhi home on Wednesday night and drove him to the CBI office.
Chidambaram was taken into custody for alleged irregularities in the clearance given by the Foreign Investment Promotion Board (FIPB) given to the INX Media group for receiving overseas funds of Rs 307 crore in 2007 when he was finance minister.
His son Karti Chidambaram has already been named as a defendant in the money-laundering case.
CNBC-TV18 Explains: What is the INX Media case and why was Chidambaram arrested?
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