TIMELINE OF THE INX MEDIA CASE

AUGUST 8, 2006: INX Media Private Limited is incorporated

MARCH 13, 2007: INX Media applies to Foreign Investment Promotion Board (FIPB) for stake sale to foreign entities

MAY 18, 2007: FIBP recommends to then finance minister P Chidambaram inflow of ~4.62 crore; says INX Media will have to apply afresh for investment in INX News

FEBRUARY, 2008: Income Tax department initiates probe as INX Media got ~305 crore from offshore entities and made downstream investment in INX News also

JUNE 26, 2008: On suggestion of Karti’s company, Chess Management, INX Media justifies its action and says it got premium of more than ~800 on shares it sold to foreign investors and that the downstream investment was approved by the FIPB

MAY 15, 2017: CBI registers FIR, raids properties, alleges Advantage Strategic Consulting, a firm indirectly controlled by Karti, and other companies got ~3.5 crore for services by Chess Management; CBI also alleges Karti influenced the public servants of FIPB, a unit under the finance ministry, to resolve the case amicably AUGUST 2017: Karti is grilled by the CBI for more than eight hours FEBRUARY 2018: Indrani spills beans before the ED and the CBI on Karti’s involvement in the case

FEBRUARY 28, 2018: Karti is arrested in Chennai