New Delhi, Feb. 26 -- The Enforcement Directorate (ED) on Thursday said that it has placed the prosecution sanction order, received from the competent authority, against former union Finance Minister P. Chidambaram in the PMLA case of INX Media Private Limited before a Special PMLA Court.
The ED initiated a PMLA investigation in the matter based on an FIR registered by the Central Bureau of Investigation against INX Media Pvt. Ltd., INX News Pvt. Ltd., Karti P. Chidambaram and others for offences punishable under Section 120-B read with Section 420 of the Indian Penal Code, 1860, and Sections 8, 13(2) and 13(1)(d) of the Prevention of Corruption Act.
"Investigation has revealed that Foreign Investment Promotion Board (FIPB) approval was g...