The conflict in the top management became public last week with both sides accusing each other of mismanagement of the TV business. Sources in the Vir Sanghvi camp said that the investors were unhappy with the performance of the company's entertainment channel and Indrani Mukerjea's interference in the news business.
He has already been subjected to custodial interrogation by the CBI for eight days since his arrest on August 21, after the Delhi high court on August 20 dismissed his anticipatory bail plea.
The Congress leader was brought to the jail on Thursday evening and he has got no special facilities, except a separate cell and a Western toilet as specified by the court, prison officials said. Like other inmates, he will also have access to the prison's library and can watch television for a specified period.
The federal agency has filed its case under the criminal sections of the Prevention of Money Laundering Act (PMLA) taking cognisance of a recent first information report (FIR) registered by the Central Bureau of Investigation (CBI) in the same case, they said.
The court permitted the request of Chidambaram that he be allowed a separate cell, home-cooked food, western toilet, medicines, spectacles and visit by his family members and lawyers half and hour daily, after the ED did not oppose it.
Chidambaram, 74, is in judicial custody till October 17 in the INX Media corruption case filed by the Central Bureau of Investigation.
Shivakumar, 57, was arrested by the Enforcement Directorate on September 3 in a money laundering case.
The Delhi HC restrained the ED from arresting Karti in a money laundering case till March 20
During the arguments, the ASG said FIPB officials have also been interrogated and all of them are holding high offices in their respective fields.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
The Supreme Court on Wednesday allowed former Finance Minister P Chidambaram's son Karti Chidambaram to travel abroad after depositing Rs 10 crore with its registry.
Chidambaram was remanded to two more days of CBI custody in the INX Media corruption case.
The Congress officially said the party stands in support of its senior leader while accusing the government of "persecuting" its citizens for speaking truth to power.
"Considering the facts and circumstances, I am of the view that police custody is justified," the judge said.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
The top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a 'flight risk' nor is there a possibility of 'his abscondence from the trial'.
The Congress leader threatened to give a "fitting lesson" in the ensuing elections. "People are watching the excesses of this government," he said.
"You are 74 years old and no 56!!! can stop you," Karti wrote to his father as he wished him on his birthday.
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
'We, as a nation, must rise up and refuse to be silent spectators to the death of democracy. We stand with P Chidambaram and reiterate our unwavering belief in his innocence'
His father, P Chidambaram, said he will return after a few days.
On Monday, Chidambaram was brought to RML Hospital in the morning and later referred to AIIMS after he complained of stomach ache and illness. He was discharged in the night.
SFIO tried to sift through changed names, cross-holdings in INX Group
Setting aside the Delhi high court's September 30 verdict denying bail to Chidambaram, the apex court said he is neither a "flight risk" nor there is a possibility of "his abscondence from the trial". Chidambaram had moved the apex court challenging the high court verdict.
Chidambaram said he was honoured that the two leaders visited him.
The former Union home minister expressed the hope that the investigative agencies will respect the law.
Capping a visit that attracted controversy and opposition ire, EU parliamentarians visiting Jammu and Kashmir on Wednesday termed Article 370 an internal issue of India and said they stand by the country in its fight against terrorism.
P Chidambaram's son Karti was arrested on February 28 at the Chennai airport on his return from the United Kingdom, for his alleged role in facilitating Foreign Investment Promotion Board clearance for INX Media Ltd. and its directors, Peter and Indrani Mukerjea.
News channel NewsX, which was sold last year by INX Media following a financial crunch during the global economic meltdown, is set to be relaunched under a new brand within the next few months
Mukerjea, who was admitted in the state-run J J Hospital for the treatment of suspected drug overdose has been brought back to the jail, Inspector General (prisons) Rajvardhan Sinha said.
D B Corp, the owner of the Hindi daily Dainik Bhaskar, is in advanced discussions with broadcaster INX Media to acquire a stake in the company that operates the entertainment channels as well as a majority stake in its English language news channel NewsX. Both companies are promoted by Indrani and Peter Mukerjea, the former Star India CEO.
The Supreme Court's decision to take up the case on Friday without granting him any interim relief, put to rest all the strategies being worked upon.
Deputy Superintendent of Police Ramaswamy Parthasarathy, who arrested Chidambaram in the INX Media case last year, has been conferred with the President's Police Medal for Distinguished Service.
Chidambaram said it was a 'despicable slur' on the six secretaries of the government.
Former Star TV CEO Peter Mukerjea promoted INX Media and INX News on Wednesday officially announced plans to launch a new television network.
Like other inmates, he will also have access to the prison's library and can watch television for a specified period.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.
With at least 50 new TV channels expected over the next six months, and much of the ad revenue cornered by the top few, a shakeout looks inevitable.
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