Karti moved Rs 1.8cr to sr neta’s a/c: ED officials

Karti allegedly made the transfers from his account (No.397990) in RBS’s Chennai branch into the account of the senior political leader, raising suspicions of a possible nexus between them. In their statements before the ED under the Prevention of Money Laundering Act, which is admissible as evidence in court, INX Media promoters Peter and Indrani-Mukerjea disclosed that they had paid close to $700,000 (Rs 3.1 crore) to Karti through subsidiaries abroad.

The Mukerjeas also claimed that these payments were quid pro quo ?for clearance from the Foreign Investment Promotion Board (FIPB) for foreign investments in their TV venture INX Media. The FIPB comes under the finance ministry, which was then headed by P Chidambaram.