According to the agency, it was discovered during the ED investigation that several shell companies regulated, beneficially owned, or used by Karti Chidambaram received illegal gratification (proceeds of crime) from M/s INX Media Pvt. Ltd., to which accused P Chidambaram had granted FIPB approval.
Chidambaram was jailed in the INX Media case over allegations of financial irregularity and fraud in the clearance granted for an investment of Rs. 300 crores.