Monthly Archive: March 2018

Sensex Falls For Third Day Amid Weak Global Markets

The Sensex fell 137 points to close at 34,046.94 on Thursday amid weak global cues, marking a third straight day of losses. Bank, metal and consumer durables sectors led the declines in the broader indices, as subdued global market sentiment offset better-than-expected GDP growth data. The National Stock Exchange (NSE) benchmark index Nifty settled 34 points lower at 10,458. SBI, ICICI Bank, Vedanta and UPL were the top losers on the 50-scrip index, finishing the day with losses between 2 per cent and 2.7 per cent.

In Karti Chidambaram Case, Indrani Mukerjea Brings Up Ex-Finance Minister

New Delhi : Indrani Mukerjea, who once owned the television company at the heart of the CBI case against Karti Chidambaram, has told the Enforcement Directorate that she and Peter Mukerjea had met former Union Minister P Chidambaram to seek government approval to foreign investment proposals worth around Rs. 300 crore in the company INX Media.

Ms Mukerjea’s statement, also made separately to the CBI and recorded before a magistrate, has linked the former Union Finance Minister to the CBI case filed against Karti Chidambaram, 46.

Karti Chidambaram, who was arrested on Wednesday morning, is accused of receiving kickbacks in 2007 to clear the foreign investment, using the influence of his father, who was then the Union finance minister. At the time, the company was owned by Peter and Indrani Mukerjea. The couple has been in jail on charges of murdering her daughter Sheena Bora since 2015.

NDTV has also accessed invoices that the investigating agencies said are proof of the payments made to Karti Chidambaram. Investigators said they got the invoices after they arrested Karti Chidambaram’s chartered accountant two weeks ago.

The former Union Minister and his son have denied the allegations, calling it a case of "political vendetta" and pointing that it was Mr Chidambaram, who as Finance Minister in 2013, had first ordered a probe by the Serious Frauds Office into allegations against the INX Group.

Source: NDTV