New Delhi, March 26: The Delhi Patiala House Court on Monday sent former media baron Peter Mukerjea to Central Bureau of Investigation (CBI) custody till March 31 in connection with the INX Media Case. On Monday, the CBI sought a five-day-custody of Mukerjea. Mukerjea was produced before a Delhi court earlier today. Four CBI officials on Sunday took Mukerjea to New Delhi to question him in the INX media case.

As per reports by ANI, Mukerjea-owned INX Media Ltd had allegedly paid bribes to get a Foreign Investment Promotion Board (FIPB) approval which was facilitated by former finance minister P. Chidambaram’s son Karti Chidambaram. Mukerjea is lodged in Arthur Road jail in the Sheena Bora murder case. On Sunday, around 11.45am, CBI officials arrived at Arthur Road jail with a court order to take Mukerjea's custody, reports said.

“The Delhi court had issued a production warrant against Mr. Mukerjea and directed that he be produced before it. The Mumbai court has allowed the warrant, so he will be taken to Delhi between March 26 and April 3,” a CBI officer was quoted by PTI.

Indrani Mukerjea, the prime accused in the Sheena Bora murder case, was arrested in the INX Media case last month. Meanwhile, Karti Chidambaram, the son of former Union finance minister P. Chidambaram, was also arrested in the INX Media case. However, on Friday, the Delhi High Court granted bail to Karti in connection with the case, on a surety of Rs 10 lakh.

To recall, in May 2017, the Enforcement Directorate had filed a case against Karti Chidambaram alleging irregularities in the grant of Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving a foreign investment of over Rs 300 crore in 2007 when P Chidambaram was the union finance minister.

As per a CBI FIR, “Contrary to the approval of FIPB conveyed to through letter dated 31/05/2007 and conditioned mentioned therein, INX media (P) deliberately in violation of the condition of the approval, made a downstream invested to the extent of 26% in the capital of INX news LTD without the a specific approval of FIPB which included indirect foreign investment by the same foreign investors and generated more than Rs 305 crores FID in INX against the approved foreign inflow of Rs 4.62 core by issuing the shares to the foreign investors at a premium of more than Rs 800 per share.

(The above story first appeared on LatestLY on Mar 26, 2018 03:14 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).