Breaking: ED unlocks the door to prosecute P. Chidambaram in the infamous INX Media laundering racket. The February 10, 2026, sanction from competent powers has reached the special Delhi court, turbocharging a probe that’s captivated the nation for years.
Kicked off by CBI’s May 2017 FIR on graft and fraud charges against INX firms, the epicenter is FIPB clearances during Chidambaram’s finance helm. Kickbacks, say investigators, flowed to son Karti’s companies in exchange.
A maze of transactions—company hops, equity infusions, property flips—allegedly whitened Rs 65.88 crore in dirty money. ED’s attachments totaling nearly the sum have court backing, fortifying the case.
From 2020’s debut complaint to 2024’s add-on, ED has built meticulously. This sanction honors SC’s public servant prosecution mandate, thrusting the matter into trial phase.
The saga’s twists highlight systemic vulnerabilities in investment oversight. With Chidambaram in the dock, it promises courtroom drama dissecting elite dealings. Justice’s march continues, affirming that financial misdeeds invite reckoning regardless of stature.