New Delhi: Karti Chidambaram who was arrested by the Central Bureau of Investigation (CBI) on Wednesday in connection with a corruption case told a Delhi court that the arrest was malafide since he had travelled abroad with permission from the Madras High Court and had cooperated with investigators so far.Karti Chidambaram is accused of clearing foreign investments worth around Rs 300 crore in television company INX Media in exchange for bribes back in 2007. Investigators say he used the influence of his father P Chidambaram who was then the Union Finance Minister. The former minister and his son have called the arrest political vendetta . I m not a Hindustan leaver but Hindustan returner Karti Chidambaram told the court through his advocate Congress lawmaker Abhishek Manu Singhvi in what was seen as a dig at the BJP over the Rs 11 500 crore PNB fraud. The accused in the case celebrity jeweller Nirav Modi has fled India and the Congress has been targeting the Narendra Modi government over the issue since the matter became public.Karti Chidambaram was arrested on Wednesday from Chennai airport moments after he landed after a visit to the UK. Earlier this month the Madras High Court had given him permission to go abroad for business. On an earlier occasion too he visited the UK for his daughter s admission with permission from the Supreme Court.On Wednesday Karti Chidambaram told the court that he was being targetted in the issue since he was the son of a politician. The CBI petition is misrepresentation of the facts on my visits abroad. I went abroad with due permission from court... I did not receive any fresh summons since my return he said. He also said he had fully cooperated with the CBI and the Enforcement Directorate and has undergone 22-hour questioning in the case. My reward for compliance of summons is arrest... Arrest is most draconian in a person s liberty. Is the CBI making the arrest to show to their bosses? his lawyer said.The agency countered the argument saying Karti Chidambaram had cooperated only under the directions of the Supreme Court and had not submitted his itinerary before going abroad. It sought two weeks custody of the 46-year-old businessman so he could be properly questioned in the case.The agency also told the court that they had many things but could noy say it in open court .The court allowed a day s custody to the CBI. CommentsClose X Last week Karti Chidambaram had appealed to the Supreme Court seeking a stay on the Enforcement Directorate s summons of March 1 and expressing apprehension that he might be arrested on his return from London.His father P Chidambaram had filed another appeal saying he was the real target of the BJP-led Central government and his fundamental rights were being violated.
NEW DELHI: The CBI today justified Karti Chidambaram s arrest in the INX Media case in a Delhi court by taking the ground of his non-cooperation and frequent foreign visits which was vehemently opposed by the defence counsel who said his client was not summoned by the central probe agency in the last six months. Seeking a 15-day custody of the son of senior Congress leader P Chidambaram the CBI prosecutors contended before duty magistrate Sumeet Anand that Karti had not cooperated in the investigation and he had been repeatedly travelling abroad which confirmed the apprehensions of his tampering with the evidence lying abroad against him and others in the form of secret note received from the Ministry of Finance . CBI prosecutors V K Sharma and Padmini Singh argued that one of the grounds for arresting Karti was that the agency had recorded the statement of Indrani Mukerjea former director of INX Media (P) Ltd before a magistrate on February 17 in which she had said an amount of USD 1 million was paid to Karti on behalf of INX Media at the Hyatt hotel here. Opposing the CBI s arguments senior advocate A M Singhvi appearing for Karti said it was a bizarre case and that no grounds for arrest were made out. It is a bizarre case at the threshhold. It is not a case of arrest leave aside police custody or judicial custody Singhvi told the court while opposing the CBI s remand plea. He also argued that Karti was summoned twice by the CBI on August 23 and 28 last year and that he was interrogated for 22 hours by the agency during which he answered all the questions. After those two days I have not received any single summons from the CBI. It is a 180-day silence and then they say I am not cooperating. The fact is that they do not have anything to ask me now Singhvi said. Claiming that no reason was given for the arrest he said It is because you (CBI) want to show it to your bosses that you are doing some work. Unlike others I (Karti) am not a Hindustan leaver and instead I am a Hindustan returner Singhvi said adding that Karti was cooperating with the CBI and that the court might impose any condition while releasing him from the agency s custody. Am I (Karti) a fugitive from justice Singhvi who was assisted by senior advocates Dayan Krishnan and Mohit Mathur told the court. The defence counsel argued that the CBI had tried to stop Karti s foreign visits but he went abroad twice on court orders and another of his visits outside the country was prior to the issuance of the Look-Out Circular. Is it fair to say to the court that I am not cooperating? It is only to prejudice the court. It is a clear misrepresentation and distortion of facts by the CBI. They did not apprehend anything while I was going out but arrested me on my return he said. Singhvi further said Karti had gone to the UK after taking the Madras High Court s permission and that he was ready to abide by any condition including surrendering his passport daily visits to the CBI office and confinement to a city. I am not filing any formal bail application but opposing the remand application. They should have issued a fresh summons and test my non-cooperation but they arrested me when I landed at the Chennai airport today at 9 am. There is no allegation of violation of any conditions imposed by the high court the counsel argued adding that the arrest was mala fide. Singhvi further said it was not even an open-and-shut case but someone struggling to open a 10-year-old case. He told the court that Karti appeared before the Enforcement Directorate (ED) in a case filed on similar allegations by the agency as late as 10 days back and that he was not a repeat offender and remanding him to police custody would add more insult to the injury. The CBI prosecutors rebutted saying Singhvi s arguments were false and that Karti had joined the probe only after the Supreme Court s intervention. They said all the procedures were followed and Karti was informed about the grounds of his arrest. They further argued that Karti had not complied with the Madras High Court s direction to give the itinerary of his stay abroad. Regarding the defence counsel s argument that the CBI had not filed a status report in any court claiming that Karti had not cooperated the prosecutor said the agency was never directed by any court to file any such report.
New Delhi: The arrest of Karti Chidambaram in the INX media case by CBI on Wednesday came after nine months of lodging of an FIR and bitter legal battle which the investigating agency fought from the Madras High Court to the Supreme Court.The case allegedly involving Karti Chidambaram son of former union minister P Chidambaram had first reached the Supreme Court after the CBI had challenged the stay granted by Madras High Court on two look out circulars (LOCs) issued against the accused.CBI had contended that there were good cogent reasons for issuing of LOCs dated June 16 2017 and July 28 2017 and had submitted some documents in sealed cover saying Karti s case was not simple as it involves jugglery of accounts and property abroad.Since the lodging of the FIR to his arrest yesterday Karti had sought permission several times to travel abroad from the Supreme Court and the Madras High Court for reasons including business interests in United Kingdom and France and daughter s admission at Selwyn College Cambridge United Kingdom.He was allowed to travel abroad on November 20 2017 by the apex court for his daughter s admission and on February 16 to February 28 for business engagements by the Madras High Court.The FIR lodged by the CBI on May 15 2017 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.Karti and his father had denied the allegations saying there was no wrong-doing in the grant of FIPB approval to INX media.After the CBI challenged the interim stay on LOCs granted by Madras High Court on August 10 2017 the top court had stayed the order of the high court on August 14 2017 and asked Karti to join the investigation.The top court on January 31 this year had remanded back to the High Court the pleas relating to the issuance of the LOCs against Karti and others in a corruption case while making it clear that its interim order shall continue till the matter is finally disposed of .It had directed the division bench presided over by Chief Justice of the high court to decide the challenge to the LOCs within two months. CommentsClose X One of the issues pending with the apex court so far is the CBI s and Karti s challenge to order of Madras High Court dated August 22 2017 by which it had refrained itself from going into the merit of issue of quashing of FIR lodged in the INX Media case and rejection of the investigating agency s ground of maintainability due to lack of territorial jurisdiction.On February 23 Karti had also challenged the summons issued by Enforcement Directorate against him seeking his appearance on March 1 in connection with INX media case.
Written by Deeptiman Tiwary Abhishek Angad | New Delhi | Published: March 1 2018 5:00 am Karti Chidambaram in New Delhi. Prem Nath Pandey Karti Chidambaram son of senior Congress leader and former Union Finance Minister P Chidambaram was arrested by the CBI Wednesday in connection with its probe into the INX Media case. Flown to New Delhi from Chennai airport where he was held shortly after he stepped off a flight from the UK Karti was produced before Metropolitan Magistrate Sumeet Anand who directed the CBI to present Karti before the sessions court of Sunil Rana at 2.30 pm Thursday. Explained | The decade-old case of INX Media Seeking Karti s custody CBI counsel V K Sharma handed a remand application which stated: Karti Chidambaram had not cooperated with the investigation he also denied that he or his company had any interaction with INX Media including FIPB related matter despite evidence to the contrary. Further his frequent visits have confirmed apprehensions of his tampering with evidence lying abroad against him in the form of secret note received from Ministry of Finance. Such has been shown in sealed cover to the Supreme Court. Opposing the CBI s application senior advocate Abhishek M Singhvi who appeared for Karti said it was a bizarre case and no ground for arrest was made out. The remand application is based on two premises that the accused has not co-operated and he is repeatedly travelling abroad. Firstly this is bizarre because the CBI has interrogated him for 22 hours on August 23 and August 28 last year. After that he did not receive a single summon and now the CBI has arrested him Singhvi said. Also Read: INX Media: P Chidambaram s fear of harassment of his family turns true After the court hearing when a CBI officer tried holding his arms Karti said: Don t touch me I am going to take my jacket. As he was led away he told reporters: It s absolutely a political vendetta. I will be vindicated. In May 2017 the CBI filed an FIR naming among others Karti and INX Media for alleged irregularities in clearance from the Foreign Investment Promotion Board (FIPB) to the media group for receiving overseas funds in 2007 when Chidambaram was Union Finance Minister. The CBI alleged that INX Media s FDI proposal was deceitful and fallacious but was still granted approval. Also Read: INX Media case: Chronology of events The Enforcement Directorate which too was probing Karti in the case under provisions of the Prevention of Money Laundering Act (PMLA) arrested Karti s chartered accountant Bhaskararaman this February 16. It was on the ED s reference that the CBI had registered a case against Karti and INX Media. The ED which was already investigating a company associated with Karti in connection with the Aircel Maxis deal and FDI inflow into Vasan Healthcare claimed to have found documents related to the INX Media FDI inflow during searches. Karti Chidambaram at the CBI office. Express Photo by Prem Nath Pandey. The ED said it had documents which showed Advantage Strategic Consulting a company that CBI claimed was indirectly controlled by Karti had been paid Rs 10 lakh as consultancy fee to help it get FIPB approval. After lodging the FIR the CBI conducted searches at premises linked to Karti and the residence of Peter Mukerjea and Indrani Mukerjea of INX Media. The CBI FIR alleged that INX Media s FDI inflow had been initially flagged by FIPB for alleged irregularities and a clarification had been sought from the media house. But a company controlled by Karti was brought in for consultancy the CBI said and INX Media s fresh proposal was approved by FIPB by virtue of influence exercised over them by Karti P Chidambaram . By doing this the CBI alleged officials not only ignored the serious illegality on the part of M/s INX Media. but also embarked on showing undue favour to INX Group by abusing their official position . In return for the services rendered the CBI alleged Karti got a payment of Rs 10 lakh through Advantage Strategic Consulting which was controlled by him indirectly . The agency also alleged that it found invoices for Rs 3.5 crore in favour of INX Media raised by companies in which Karti had sustainable interest and had common directors . Countering the CBI in court Singhvi said: Now the frequent visits is a delightful phrase there are specific court orders which allow him to travel abroad He is not a Hindustan leaver like others he is Hindustan returner. He said the CBI had till date not filed any status report on the investigation. Where is your (CBI) status report on non-cooperation none of the FIPB officials have been questioned or summoned till date. For all the latest India News download Indian Express App Get assembly election result LIVE updates from each constituency in Tripura Nagaland and Meghalaya Tags: Congress INX Media Karti Chidambaram Sathya ServiceMar 1 2018 at 6:08 amHello everyone i am Kumar i want to share a my story with you all i was in debt of 35 lacs and my life was in a bad stage i lost all i have gotten before so i made a decision that i want to my and i came online and met a lots of scammers and they took 2 lakh from me and still i could not my after a month i came back online and met one Dr Lau Bern online and he told me the procedure which did they paid my 1 Cr before the operation and balance 1 Cr after the operation i only spend little money on this process but today am a very happy man and my families are so happy Thank you so much Dr Lau Bern you can contact him on e-mail: (servicecenter249 ) Whatsapp Number 918015861823 or Call 918867434096(0)(0) Reply
CHENNAI: The CBI this morning arrested Karti Chidambaram at Chennai airport in connection with the INX money laundering case. Officials in the investigating agency have said that Karti s family members were informed before the arrest. Sources in the CBI said they detained Karti when he landed at Chennai airport after his foreign trip. Soon after Karti arrest he was taken to a secluded place where he was being questioned. A senior CBI officer said We have strong evidence to confirm his role in a cheating case. However the official denied to divulge more information about the case. The CBI arrested Karti following the detention of his chartered accountant S Baskararaman by the Enforcement Directorate officials recently. Karti s chartered accountant S Bhaskararaman was recently arrested from a five-star hotel in Delhi on February 16. The national investigative agency has alleged that Karti received money from INX Media for using his influence to manipulate a tax probe against it in a case of violation of Foreign Investment Promotion Board conditions to receive investment from Mauritius. The CBI has said that it also seized vouchers of Rs 10 lakh which were allegedly paid for the services. The Congress today said Karti s arrest is a classic diversionary tactic of the Modi government. Classic diversionary tactic of the Modi government to hide their own corrupt governance model that is being exposed on a daily basis-- be it Nirav Modi Mehul Choksi Dwarka Das Seth Jewellers. The BJP govt continues it s vendetta and vindictive politics to target opponents. however it will not stop the Congress from bringing the truth out to the people said the Congress. Last week Karti a son of Congress leader P Chidambaram moved the Supreme Court ( SC ) seeking a stay on the Enforcement Directorate s ( ED ) summons against him in the INX Media case. He reportedly told the ED that he was appearing before the agency under protest . He was first grilled by the agency on January 18. The ED had earlier summoned Karti on February 2 after which he informed them he would be unable to depose as he had an interlocutory application pending in the Supreme Court in this case. The central probe agency had registered the case against Karti and others in May last year. It had registered an Enforcement Case Information Report (ECIR) the ED s equivalent of a police FIR against the accused named in a CBI complaint including Karti Chidambaram INX Media and its directors -- Peter and Indrani Mukerjea . The ECIR was lodged under the provisions of the Prevention of Money Laundering Act. The sources said the ED was probing the alleged proceeds of crime generated in this case. It was the ED which had provided information about the alleged illegal payments made by INX Media based on which the CBI had filed its FIR. Karti will be produced before a CBI court in Chennai before taking him to Delhi for further questioning. ALSO READ: Karti Chidambaram appears before Delhi s Patiala House Court Read this story in Tamil
.story-content span .story-content p .story-content div color:#000!important;font-family: open sans Arial!important;font-size:15px!important ALSO READ INX Media case: Karti Chidambaram arrested by CBI in Chennai say reports Aircel-Maxis INX Media cases: ED raiding Karti s kin in Chennai Kolkata Zee Entertainment acquires 9X Media INX Music for Rs 160 cr Brief case: Arbitration clause insurance PMLA labour dispute and more Jewellery sales decline by half in four weeks on PMLA extension span.p-content div id = div-gpt line-height:0;font-size:0 Former finance minister P Chidambaram s son and businessman Karti Chidambaram was detained by the Central Bureau of Investigation (CBI) in Chennai on Wednesday in connection with the INX money laundering case. It was alleged that he violated the Foreign Exchange Management Act. Chidambaram was detained at Chennai Airport while he was returning from a foreign trip according to his public relations officer. A few weeks ago Karti s chartered accountant S Bhaskararaman had been arrested from a hotel in Delhi. The Enforcement Directorate (ED) had earlier claimed that during the course of investigation it was revealed that Bhaskararaman had been assisting Karti Chidambaram to manage his ill-gotten wealth in India and abroad. The case relates to the approval granted by Foreign Investment Promotion Board (FIPB) in 2007 for receipt of funds by INX Media during P Chidambaram s tenure as the Union finance minister. CBI alleged Karti Chidambaram received money from INX Media for using his influence to manipulate a tax probe against the firm for violating FEMA by receiving investments from Mauritius. CBI also seized vouchers of Rs 1 million (Rs 10 lakh) allegedly paid for the services. The central probe agency had registered the case against Karti Chidambaram and others in May last year. Last week Karti Chidambaram moved the Supreme Court (SC) seeking a stay on ED summons against him in the INX Media case. However the apex court did not grant a stay. He was also questioned by the ED which had summoned him on February 2. Karti had however said he would be unable to depose as he had an interlocutory application pending in the SC say reports. ED had alleged that INX Media violated norms by making a downstream investment of 26 per cent in INX News Private Limited s capital without specific approval of FIPB. These included indirect investment by foreign investors besides generating Rs 3 billion (Rs 305 crore) foreign direct investment in INX Media against the approved foreign inflow of Rs 46 million (Rs 4.62 crore). To wriggle out of the situation without any punitive action INX Media entered into a criminal conspiracy with Karti Chidambaram the ED said. The FIPB unit of the finance ministry had not only granted illegal approval but also misinformed the investigation wing of Income Tax Department ED added.
New Delhi: A Delhi court today sent Karti Chidambaram s chartered accountant S Bhaskararaman arrested in the INX Media money laundering case to 14-day judicial custody.Special judge NK Malhotra sent the chartered accountant (CA) to Tihar Jail after he was produced from the custody of the Enforcement Directorate (ED) whose special public prosecutor Nitesh Rana had sought three more days of custodial interrogation.Mr Bhaskararaman was arrested from a five-star hotel in the heart of the national https://www.sharecg.com/kkmaketrip capital on February 16.Mr Karti s name had cropped up in the case which relates 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 Mr Bhaskararaman a qualified CA had been assisting Mr Karti to manage his ill-gotten wealth in India and abroad.The agency had said the investigation required the presence of Mr Bhaskararaman for collecting vital evidence and other information which was within his special knowledge and exclusive domain.It had alleged that INX Media had deliberately and in violation of the conditions of the approval made a downstream investment of 26 per cent in the capital of INX News Pvt Ltd without specific approval of FIPB which included indirect foreign investment by some foreign investors and generated Rs 305 crore foreign direct investment in INX Media Pvt Ltd against the approved foreign inflow of Rs 4.62 crore. CommentsClose X To wriggle out of the situation without any punitive action INX Media entered into a criminal conspiracy with Mr Karti the ED has alleged.The FIPB unit of the finance ministry had not only granted illegal approval but also misinformed the investigation wing of Income Tax Department it had alleged.
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