Home States Delhi Court sends Karti Chidmabaram for 12 days judicial custody in INX Media...

Court sends Karti Chidmabaram for 12 days judicial custody in INX Media case

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(G.N.S) Dt. 12
New Delhi
Karti Chidambaram, son of former Finance Minister P Chidambaram, was sent to judicial custody by Delhi’s Patiala House court till March 24 after his three-day CBI custody ended in the INX Media case on Monday. The CBI said Karti remained “evasive” and “non-cooperative” during interrogation and sought 15 days judicial custody.
“During the entire period of CBI custody, Karti Chidambaram was evasive and non-cooperative. Hence, CBI is conducting an investigation into the case without the co-operation of the accused,” CBI counsel VK Sharma said before the court of Special Judge Sunil Rana. In moving the application for judicial custody of Karti, CBI said there was enough proof to implicate the accused in the case.
Special judge Sunil Rana pronounced the order after the CBI said that he was not required for custodial interrogation. On his plea seeking separate cell and protection in Tihar Jail, the court said the jail manual would be followed. It also said that his bail plea would be heard on March 15 as scheduled. The court denied Karti’s request for home food in the jail. Karti Chidambaram’s father P Chidambaram was also present in the courtroom.
Meanwhile, Karti’s CA S Bhaskararaman, who is currently in jail in a case filed by the Enforcement Directorate (ED), has moved the court for anticipatory bail in the CBI case of INX Media.
“During the entire period of police custody remand, Karti Chidambaram was evasive and non-cooperative. Hence, CBI is conducting investigation of the case without the co-operation of the accused,” said the CBI in court.
“Therefore, under the circumstances when there is sufficient material clearly implicating the accused in this serious economic offence, it is absolutely necessary that the accused be remanded to the judicial custody,” it said.
The former finance minister’s son is being investigated by the CBI for laundering money he received as payoffs to facilitate investment approval in INX Media when his father was the country’s finance minister. At that time, the company was owned by Peter and Indrani Mukerjea, a couple now in jail in a murder case; it was testimony by Indrani that led the CBI to arrest Karti.
The Court agreed to Karti Chidambaram’s demand for medicines and spectacle but didn’t agree to provide him home cook food. The police was instructed to ensure that Karti gets adequate security inside jail.
Karti was remanded in CBI custody for three days after the agency claimed it had recovered some incriminating documents and CD from the Chennai office of Advantage Strategic Pvt Ltd., a company linked to him. Karti has been in CBI custody for questioning since his arrest from Chennai airport on February 28 over alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds of about Rs 305 crore in 2007 when his father was Union finance minister.
“His (Karti) father P Chidambaram has dealt with stringent penal laws including TADA and MCOCA, posing a huge security threat to Karti,” the senior advocate said, adding that he needs to be secured in a separate prison and be given a separate bathroom. “He cannot be exposed to any of these criminals,” his advocate said. “There is a threat. Petitioner (Karti) himself is the member of Congress. The threat exists, I hope the court to protect us. We have contemplated a situation and brought it to the court’s notice. I cannot be sent to a common bathroom. And adequate security must be given,” Krishnan submitted.
The CBI did not seek any further custodial interrogation of Karti, who has already spent 12 days in its custody since his arrest on February 28 from Chennai airport. He was remanded in CBI custody for three days after the investigative agency claimed it had recovered some incriminating documents and CD from the Chennai office of Advantage Strategic Pvt Ltd., a company linked to him. He has been in CBI custody for questioning since his arrest from Chennai Airport on February 28. It alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds of about Rs 305 crore in 2007 when his father was Union finance minister. The CBI had initially alleged that Karti Chidambaram received Rs 10 lakh as bribe for the FIPB clearance. It, however, later revised the figure to USD 1 million (about Rs 6.50 crore at the current exchange rate and Rs 4.50 crore in 2007).
Karti alleges that the investigation against him is “borne out of political vendetta” and that the CBI is “acting at the behest of the central government” to malign the image of his father P Chidambaram.
Indrani and her husband Peter alleged that they paid Karti over Rs 3 crore in bribe at the behest of his father, who, as the then-finance minister, was in-charge of the Foreign Investment Promotion Board. The board is the nodal agency for granting approvals to companies to access foreign funds.

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