A special court on Monday ordered the arrest of Indrani Mukerjea in connection with the INX media case.
The court asked the Central Bureau of Investigation (CBI) to arrest Indrani. The court also sent her on two-day CBI remand.
Indrani, the prime accused in the Sheena Bora murder case, is currently lodged in Mumbai's Byculla jail.
Earlier on February 2, a Mumbai Court allowed a production warrant against Indrani from a Delhi court after the Enforcement Directorate (ED) told the court that there were discrepancies in the income tax details of INX Media.
The ED had earlier registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA).
INX Media has been accused of violating Foreign Investment Promotion Board (FIPB) guidelines while receiving investments from Mauritius.
Senior Congress leader P Chidambaram's son Karti is also an accused in the case, which relates to FIPB approval granted in 2006 for receipt of funds by INX Media.