Karti Chidambaram arrested in INX case

Source: The Hitavada      Date: 01 Mar 2018 09:02:12



KARTI Chidambaram, son of former Finance Minister P Chidambaram, was on Wednesday arrested by the CBI in connection with its probe in the INX media case, officials here said.

Karti was taken into custody by a team of CBI officials at the Chennai airport on his return from the United Kingdom, they said. After completing necessary formalities, the 46-year-old Karti was put on a domestic flight to the national capital where he would be produced before a designated court.

The agency had summoned Karti for questioning earlier but he had sought stay orders from various courts. An FIR filed by the CBI on May 15 last year had alleged irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister. It is alleged Karti had received funds to the tune of Rs 10 lakh in the case, they said.

The CBI alleged Karti also received money from INX media to scuttle a tax probe. The firm was owned at the time by Peter and Indrani Mukerjea, who are currently in jail on charges of murdering Indrani's daughter Sheena Bora. The Enforcement Directorate has also registered a money laundering case. The CBI and the ED had carried out a series of raids on the houses and offices owned by the Chidambarams. Karti Chidambaram was questioned several times by the ED.

A lookout notice, which prevents a passenger from traveling abroad, was issued against him as the agencies suspected that he would try to close the foreign accounts where he had parked the money from the kickbacks. In November, the Supreme Court allowed Karti Chidambaram to go to the UK for his daughter's admission in the Cambridge University.

DELHI COURT TO HEAR BAIL PLEA OF KARTI'S CA TOMORROW: KARTI Chidambaram's chartered accountant S Bhaskararaman, arrested in the INX Media money laundering case, has moved a plea seeking bail before a Delhi court, which is likely to hear it on Thursday.

The application filed by Bhaskararaman, who is presently in judicial custody, was filed before Special Judge Sunil Rana, seeking bail on the ground that he was not required for custodial interrogation and no purpose would be served by keeping him in custody.

The CA was sent to jail on February 26 on expiry of his custodial interrogation by the Enforcement Directorate (ED), which had arrested him on February 16 from a five-star hotel in the heart of the national capital.

Karti's name had cropped up in the case relating to Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media when his father and senior Congress leader P Chidambaram was the Union Finance Minister during the previous UPA regime. The ED had earlier claimed that during the course of investigation, it was revealed that Bhaskararaman had been assisting Karti to manage his "ill-gotten wealth" in India and abroad.
The agency had said the investigation required the presence of the CA for collecting vital evidence and other information which was within his special knowledge and exclusive domain.

CBI allowed by court to interrogate Karti for one-day: KARTI Chidambaram, arrested by the CBI in connection with the probe into the INX Media case, was on Wednesday sent for one-day custodial interrogation by a Delhi court.
Though the CBI had sought 15-day remand for the custodial interrogation of Karti, duty magistrate Sumeet Anand granted a day’s custody, making it clear that he should be produced before the concerned special judge on Thursday at 2.30 pm.

No vendetta against Karti: Ravi Shankar Prasad: THE Government on Wednesday rejected Congress party’s allegation of vendetta in the arrest of Karti Chidambaram and said that the law is taking its course. “The law is taking its course and the law must take its course. The CBI will explain all details. The government has no hand in the issue,” Law Minister Ravi Shankar Prasad told the media when asked about the Congress charge after Karti’s arrest in a case related to INX Media.

He said in such cases, issues are raised but evidence available against the accused speaks for themselves and not the alibis of the offender.