Mukerjea and Chidambaram Nexus being investigated by ED

Enforcement Directorate is working in the case of money laundering charges against Chidambaram and Mukerjea Nexus.

It is alleged that Karti had received money from INX Media, company owned by the Peter and Indrani Mukerjea for using his influence to manipulate a tax probe. Indian IRS authorities were probing a case against INX in a case of violation of Foreign Investment Promotion Board (FIPB) conditions to receive investment from Mauritius.

INX Media diverted foreign direct investment received from three Mauritius-based companies viz. New Vernon Private Equity Limited, New Silk Route (NSR) PE Mauritius, and Dunearn Investment (Mauritius) in INX Media to its step down subsidiaries without prior approval of the Foreign Investment Promotion Board (FIPB)

In 2013 the investigation was halted without explanation.