The Supreme Court on Tuesday denied granting a bail to Karti Chidambaram, son of former Union finance minister P Chidambaram. CBI arrested him in the so-called INX Media kickback and money-laundering case and listed the matter to be heard again on 8 March.
While entering the Patiala House, Karti was seen raising his hands and shouting slogans on Tuesday, according to Times Now.
“Indrani Mukerjea’s statement is just one of the evidences. In four days, substantial progress has been made,” the CBI said in connection with the case.
Congress leader Kapil Sibal and senior lawyer appeared in court for Karti to plead for interim relief in the case.
“We are willing to co-operate in every way and we also did so. I am worried about my arrest,” Sibal told the Top Court
The investigative agency said that it had gathered some important information during the custodial interrogation so far. However, he had remained evasive while answering routine questions.
CBI also said that it must to confront the accused and co-accused and unearth the larger conspiracy involved in the INX Media money-laundering case.
Thus asking for the extension of Karti Chidambaram’s custody, CBI claimed that his appearance was needed in order to serve ‘some important & specific purposes connected with the completion of investigation’ in the INX Media case
Simply put, the apex court has now refused to prevent Karti’s arrest by the Enforcement Directorate (ED), even though his custody with the CBI ends on Tuesday. However, the CBI told the top court that it would endeavour an extension of Karti Chidambaram’s custody before the trial court in the corruption case.
Last week, Karti had been apprehended for allegedly influencing the Foreign Investment Promotion Board (FIPB) decisions to favour certain companies during his father P Chidambaram’s tenure as the finance minister.
Karti had been arrested last week for allegedly influencing the Foreign Investment Promotion Board (FIPB) decisions to favour certain companies during his father P Chidambaram’s tenure as the finance minister. The FIPB has since been scrapped by the Narendra Modi-led present Union government. During its time, it used to be headed by the Secretary of the Department of Economic Affairs with representatives from a host of other ministries.