The INX Media case involves Indrani Mukerjea founding INX Media Pvt Ltd and INX News Pvt Ltd in 2007 in India. INX Media operated two television channels and sought foreign investment approval from FIPB. It was alleged that Karti Chitambaram received bribes from INX Media to manipulate a tax investigation in their favor. In 2018, ED filed a money laundering case against INX Media and found Karti Chitambaram guilty under anti-corruption laws, attaching over 54 crores in assets.

1. INX MEDIA CASE

2. ■ The company was founded by Indrani
Mukerjea in 2007 through two
companies, INX Media Pvt Ltd and INX
News Pvt Ltd.
■ INX Network headquarter in Mumbai,
India.
■ INX Media ran two channels – 9X, the
general entertainment channel and
9XM, the music channel.
■ INX News, now known as NewsX, who’s
senior journalist is Vir Sanghvi.

3. ■ In 2007 INX demands permission from
FIPB(Foreign Investment Permission Board) to
take loans from foreign banks.
■ INX takes 305Crores and invest almost all money
in downstream business in INX news pvt limited.
■ In 2008 investigation wing of income tax
department gets complain about illegal
generation of money and a notice sent to FIPB
which clarifies the situation. To get out of this
tricky situation Indrani and Peter Mukharjee
sought help of Karti Chitambaram.
■ May 2018,ED(Enforce Directorate) filed a money
laundering case against INX media. Various IPCs
imposed and found Karti Chitambaram guilty
under prevention of corruption act, 1988.

5. i. As first reported by ET on August 24, Bhaskar Raman testified that ASCPL had
paid for “travel bills” and “certain other expenses” of P Chidambaram. ASCPL
expense documents seized by investigators showed repeated mention of “PC Sir”
under a column titled “work”.
ii. The CBI has alleged that Karti received money from INX Media to manipulate a
tax probe to receive investments from Mauritius in violation of FIPB conditions.
iii. Officials, by virtue of the influence exercised over them by Karti, not only ignored
serious illegalities on the part of INX Media but also showed undue favor by
abusing their position and advised the company to file for fresh clearance,
according to the CBI.
iv. FIPB officials ignored the revenue department’s request to probe how the
investment was made by the company without its nod, allowing INX Media to file
a fresh request that was cleared by the finance ministry

6. Feb.2018 Karti Chitambaram
arrested for one month and in October
ED found attached assets of worth 54
crores with Karti Chitambaram.
Zee terminates 9X Media acquisition
deal and bought it for Rs160 crore!

7. THANK YOU
MADE BY: PRAGYA BISHT