INX Media Case: Karti Chidambaram's CBI Custody Extended by 3 More Days


Karti Chidambaram has been sent to the custody of the Central Bureau of Investigation or CBI for three more days by a court in Delhi.

Karti Chidambaram, who is presently in CBI custody in the INX Media case, moved the high court in pursuance of the Supreme Court direction passed earlier in the day.

The Delhi High Court also issued notice to ED and Centre on Karti's plea.

Karti, who is being investigated in connection to the INX Media case, has already been in CBI remand + for the last nine days.

It is a ten-year-old case and all the documents are available with them and "they need my custody to harass me", Karti said through his counsel.

The ED's special public prosecutor Nitesh Rana had earlier told the court that during the course of an investigation, it was revealed that Bhaskararaman had been assisting Karti to manage his "ill-gotten wealth" in India and overseas.

The CBI had filed separate case against Karti and others on the basis of information about alleged illegal payments made by INX media. He's alleged to have received a kickback of $ 7,00,000 using his father's influence as the union minister.

"For one year, the CBI can not find the registered office". The CBI had lodged an FIR on 15 May previous year alleging irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when P Chidambaram was the Union finance minister.

It said it has a recorded statement of Indrani Mukherjea accusing Karti Chidambaram of demanding and receiving a bribe to get the FIPB clearance.

While granting the protection, the Bench said it was yet to decide the constitutional validity of Section 19 of the Prevention of Money Laundering Act which deals with the ED's power to arrest. The CBI cited further investigation for asking the court to extend his custody.

On Friday, the CBI moved two more applications, seeking court permission to confront Karti Chidambaram with his Chartered Accountant Bhaskar Raman.