Karti chidambaram to spend 3 days in custody, father may be quizzed soon

Karti Chidambaram to spend 3 days in custody, father may be quizzed soon

The Supreme Court on Tuesday refused to grant an interim relief to Karti Chidambaram, son of former Union finance minister P Chidambaram, in the so-called INX Media kickback and money-laundering case and listed the matter to be heard again on 8 March.Karti was seen raising his hands and shouting slogans while entering the Patiala House Court 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 to the case.

Congress leader Kapil Sibal and senior lawyer appearing for Karti had pleaded to the top court 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 CBI said that it had been able to gather some important information during the custodial interrogation so far, even as the accused had remained evasive while answering routine questions.

The premier investigating agency said that it needed to confront the accused and co-accused and unearth the larger conspiracy involved in the INX Media moneylaundering case.

Seeking the extension of Karti Chidambaram's custody, the CBI said that his presence 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 as his custody with the CBI ends on Tuesday.

The CBI, however, told SC that it would seek an extension of Karti Chidambaram's custody before the trial court in the corruption case.

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 Modiled 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.

"More skeletons in the United Progressive Alliance governments' closet" might tumble out as finance

ministry officials are reportedly in the Enforcement Directorate's (ED's) dock over the INX Media moneylaundering case.Karti is being held up for facilitating Foreign Investment Promotion Board go-ahead of a Rs 3 billion-project for INX Media, including monetary in favour of the company's directors Peter and Indrani Mukerjea for more updates click here. ..