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.305 croresagainst approved inflow of ... Rs.4.62 crores. Briefly stated case of theprosecution as per the FIR is as under:- In 2007, INX Media Pvt.Ltd. approached Foreign Investment Promotion Board (FIPB)seeking approval for FDI upto 46.216 per cent of the issued equitycapital