SME Times is powered by   
Search News
Just in:   • Banks to recycle inward currency notes only after 48 hours on corona threat  • China's Shenzhen city bans eating of cats, dogs  • British Airways expected to suspend 36,000 staff  • Wall Street tumbles amid deepening coronavirus fears  • COVID-19: LinkedIn offers free job postings for critical roles 
Last updated: 18 Feb, 2020  

Chidambaram.9.Thmb.jpg INX Media: Court reserves order on bail of six bureaucrats

Chidambaram.9.jpg
   Top Stories
» Markets tank 1,200 pts on Corona crisis
» Indian IT sector set to face hardship
» Startups hit as investors get extra cautious
» Feb core sectors output up by 5.5 pc
» Developing nations to lose $800 bn in export revenue in 2020
SME Times News Bureau | 18 Feb, 2020
A Delhi court on Tuesday reserved for Wednesday its order on regular bail application moved by six bureaucrats who were part of the Foreign Investment Promotion Board (FIPB) panel which granted approval to INX Media, in the case involving former Finance Minister P. Chidambaram.

Special CBI Judge Ajay Kumar Kuhar reserved the order for Wednesday 3 p.m. after hearing prosecution and defence.

The bureaucrats are currently out on bail in the case. The interim bail is a temporary bail for a period in which the court can ask for documents to be presented which are required to make a final decision on the bail application.

The six bureaucrats are - Ajeet Kumar Dungdung, then section officer of FIPB unit, Ministry of Finance; Rabindra Prasad, then under secretary FIPB unit, Ministry of Finance; Pradeep Kumar Bagga, then OSD, Department of Economic Affairs, Finance Ministry; Prabodh Saxena, Director, FIPB Unit, Finance Ministry; Anup K Pujari, then Joint Secretary (Foreign Trade) Department of Economic Affairs; and Sindhushree Khullar, then Additional Secretary Department of Economic Affairs.

The Central Bureau of Investigation (CBI) had filed the chargesheet against 14 accused -- P. Chidambaram, Karti Chidambaram, his accountant S. Bhaskaran, former INX Media director Peter Mukerjea, INX Media, INX News, Chess Management Services, ASCPL and six bureaucrats.

The accused have been charged under various sections of the Indian Penal Code (IPC), including for criminal conspiracy, cheating, forgery and for taking gratification and criminal misconduct under the Prevention of Corruption Act.

In August, P. Chidambaram was arrested by the CBI for alleged irregularities in the Rs 305 crore FIPB clearance to INX Media in 2007 when he was the Finance Minister. He was later let out on bail.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 02 Apr, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» China's forex reserves reach USD 2.85 trillion(4)
» Package for SMEs, others on cards, indicate Sitharaman(1)
» Private banks, NBFCs to continue EMIs, if not informed(1)
» The big bang RBI stimulus(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter