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Karti Chidambaram to remain in CBI custody till Mar

Karti Chidambaram to remain in CBI custody till Mar

Karti Chidambaram to remain in CBI custody till Mar

Karti Chidambaram controlled Advantage Strategic Consulting Private Limited (ASCPL).

Karti Chidambaram, the son of former finance minister P Chidambaram, who is under a five-day CBI custody since Thursday for his involvement in the INX money laundering case, has been reportedly throwing his weight around.

The manner and timing of the arrest of Karti Chidambaram, son of former Union finance minister P. Chidambaram, betrays heavy political connotations.

Tushar Mehta told the court: "He (Karti) did not reply to basic questions".

"The arguments put forward by Karti's counsel Abhishek Manu Sighvi did not hold much water as they were not true and hence the court ruled against them and send Karti to CBI custody" he said. Citing Indrani Mukerjea's statement to the CBI, he said "The former finance minister has himself facilitated and orchestrated this corruption". He will also not be allowed for having home cooked food, moreover, medicines will be allowed as prescribed by his doctor, quoted India Today.

The court said Karti's lawyer can meet him for an hour in the morning and then for another in the evening. In the same case, the Enforcement Directorate (ED) on February 16 arrested Karti's chartered accountant S.Bhaskararaman after he reportedly failed to appear before the investigating team despite summons. He was sent to CBI custody till March 06. Now that the case has been filed and the matter is before the CBI court, it must be pursued to a conclusion and it's up to the court to pronounce whether the accused is guilty or not.

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The agencies claimed to have found some evidence pointing out the irregularity.

Karti is alleged to have received Rs 10 lakh from Mumbai-based INX media, now 9X Media, for helping it get the FIPB clearance when it was run by directors, Peter and Indrani Mukerjea.

Following the arrest, he was remanded in CBI custody for a day, but the agency said that they could not question him enough.

Under Section 164 of Cr.PC, any Metropolitan Magistrate or Judicial Magistrate may, whether or not he has jurisdiction in the case, record any confession or statement made to him in the course of an investigation.

The FIR does not mention Chidambaram senior, though it said he cleared the FIPB approval for Rs 4.62 crore FDI in the firm at an FIPB meeting on May 18, 2007.

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