INX media case: SC to decide CBI's appeal against Karti Chidambaram on September 18

The FIR had alleged irregularities in Foreign Investment Promotion Board clearance to INX Media for receiving overseas funds worth Rs 305 crore in 2007 when Karti's father was Finance Minister.

Published: 11th September 2017 12:37 PM  |   Last Updated: 11th September 2017 12:37 PM   |  A+A-

Karti Chidambaram at the CBI office in New Delhi. (EPS | Shekhar Yadav)

By PTI

NEW DELHI: The Supreme Court today fixed on September 18 the appeal of the CBI challenging the Madras High Court order staying government's look out circular against Karti Chidambaram, son of former Union Minister P Chidambaram, in a graft case.

The FIR lodged by the CBI on May 15 had alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti's father was the Finance Minister.

A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud, meanwhile, said that its direction staying the Madras High Court order on look out circular will remain in force in the meantime and as a result, Karti will not be able to leave India.

Senior advocate Kapil Sibal, representing Karti, alleged that all baseless allegations have been levelled against Karti and challenged the probe agency to being out the details of any property which the Chidambarams cannot account for.

Additional Solicitor General Tushar Mehta, appearing for the CBI, vehemently countered the submission and said that the probe was at a very crucial stage and substantial information have been given to the court in a sealed cover.

The bench then fixed the matter for final disposal next Monday.

On September 1, the CBI had told the apex court that there were "good, cogent" reasons for issuing look out circular against Karti.

On August 18, the court had asked Karti to appear before the investigating officer at the CBI headquarters here for questioning in the case.

The bench had given the probe agency the liberty to question Karti as many times it wanted.

Prior to this, the apex court had said that Karti would not be allowed to leave India without subjecting himself to investigation in the case. The court had then stayed the Madras High Court order putting on hold the LOC issued by the Centre against Karti.

The CBI had claimed that the FDI proposal of the media house, cleared by Chidambaram, was "fallacious".

The FIR was registered on May 15 before the special CBI judge here and the registration of the case was followed by searches at the residences and offices of Karti and his friends on May 16.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp