Karti Chidambaram was closing his foreign bank account: CBI tells Supreme Court

The CBI wanted to place the documents concerning its investigation in a sealed cover before a bench headed by Chief Justice Dipak Misra, which was opposed by Karti's counsel and senior advocate Kapil Sibal.

By: PTI | New Delhi | Updated: September 22, 2017 6:41 pm
Karti chidambaram, karti chidambaram's assets, undisclosed assets, money laundering case Karti Chidambaram Express photo by Prem Nath Pandey. (File)

The CBI Friday claimed in the Supreme Court that a lookout notice was issued against Karti Chidambaram, son of former Union Minister P Chidambaram, to prevent him from travelling abroad as he was closing several of his foreign bank accounts. The apex court, which was hearing the matter relating to a corruption case against Karti, was informed by the agency that several issues have come out during the investigation and many others were expected to be revealed.

The CBI wanted to place the documents concerning its investigation in a sealed cover before a bench headed by Chief Justice Dipak Misra, which was opposed by Karti’s counsel and senior advocate Kapil Sibal.

“What he did abroad is part of this sealed cover,” Additional Solicitor General Tushar Mehta told the bench which also comprised Justices A M Khanwilkar and D Y Chandrachud.

Sibal repeatedly protested the ASG’s submissions that the agency be allowed to place before it the documents in a sealed cover. The ASG took the opportunity to briefly submit about the contents of the documents enclosed in the cover.

“Let me say what is contained in the sealed cover. What he has done when he was abroad. He said (during interrogation) he has only one account abroad. But when he went abroad, he closed several bank accounts. I don’t want to say all this as it will embarrass him but I have been compelled,” he told the bench.

Sibal countered his submission and asked the ASG “did you ask a single question about the bank accounts and property?”

“They interrogated me (Karti), but not a single question was asked on this,” Sibal said, adding “if they can show any signature of Karti on any account, they can prosecute him under FEMA or blackmoney law”.

The case against Karti pertains to an FIR lodged by the CBI on May 15, alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when his father was the Finance Minister during the then UPA regime.

For all the latest India News, download Indian Express App

  1. Jaganathan Vijayakumar
    Sep 22, 2017 at 10:07 pm
    One rogue lawyer defends another rogue lawyer family for protecting their mutual corruption. God should save our country by putting all rogues in jail unlike Jayalitha.
    1. Tapan Sahay
      Sep 22, 2017 at 8:24 pm
      Only thing Karti need to do is to come in defence of Kashmiri Muslims who are becoming terrorists, defend Mamta for her clear overtures to Muslims and anti-Hindu actions, blame RSS-BJP for all his problems and praise muslim extremists and he will be all SET!! IE, NDTV will outrightly defend his corrup practices under the name of secularism the same way do of Laalu and SP, BSP and Congress. He just needs to be little smart.
      1. S
        Sep 22, 2017 at 8:16 pm
        2008 case was investigated after 10 years and in these period almost all the evidence would have been erased if CBI still find evidence then Karthi would be most foolish guy ever
        1. R
          Sep 22, 2017 at 10:00 pm
          corruption itself is the virtue of the foolish ! being caught or not is only an external matter. see ndtv's roys , how they stand exposed today as the channel had to be sold out....perhaps out of bankruptcy as they are caught in financial crimes ! all of these congresssi stooges a tribe of those who set the foolish benchmarks of "success in fooling others"...and this very "cheating"at ude comes to those with mediocre minds who cannot compete fairly and rise on merit ..... so the entire clout of congressis were further exposed as incompetent leaders when they all ended up doing "jee hujoori" to an italian housewife.....chiddu and his family are among that dumb lot .
        2. A
          Sep 22, 2017 at 7:45 pm
          Karti is following art of loot from his father Chidambaram.under upa rule Chidu has done same thing on gigantic scale. father like son .you can not expect rotten congress, a curse on our country.
          1. I
            Sep 22, 2017 at 7:04 pm
            LOOT STASHED in FOREIGN BANKS and when about to be caught, LAWYERS in UPA CABINET are defending each other. .............. Don't know why SC is so accommodative of CRORPATI CHORS when AAM INDIANS would have been thrown in "JAIL without BAIL" for much smaller crime. ........ Evidently, the LOOTED CRORES are being USED by the LOOTERS to FIGHT the case
            1. Load More Comments