This appeal relates to the alleged irregularities in ForeignInvestment Promotion Board FIPB clearance given to the INXMedia for receiving foreign investment to the tune of Rs croresagainst approved inflow of ... Rs crores Briefly stated case of theprosecution as per the FIR is as under - In INX Media Pvt Ltd approached Foreign Investment Promotion Board FIPB seeking approval for FDI upto per cent of the issued equitycapital