Karti Chidambaram produced in court; CBI seeks 14-day custody

For Karti Chidambaram Court Okays Gold Chain Vetoes Home Food

For Karti Chidambaram Court Okays Gold Chain Vetoes Home Food

In a press release the CBI today notified that it has shifted its headquarters from Delhi to the lane just outside Karti Chidambaram's house.

Karti Chidambaram is accused of clearing foreign investments worth around Rs 300 crore in INX Media in exchange for bribes back in 2007.

Referring to the fact that he had been taken into custody, Kumar said, "We can not also forget that in criminal cases bail is the rule and jail is an exception as declared by the SC several years ago and reiterated recently".

A court here on Thursday gave the CBI custody of former Finance Minister P Chidambaram's son Karti for questioning till March 6 in the INX Media alleged bribery case.

Chidambaram, in his petition before the apex court, has said that his fundamental rights were being violated due to "illegal" investigations being carried out by the CBI and the ED and the central government has been "misusing" its probe agencies.

CBI said, "Interrogation has only taken place for a short time". While the invoice issued by ASCPL claimed that the service rendered by it to INX Media was management consultancy, the "ledger extract" sent by the latter to the probe agencies showed that the payment was made for replying "towards FIPB notification and clarification", they added.

Karti was escorted by a posse of CBI sleuths amidst tight security to the courtroom of Special Judge Sunil Rana, where lawyers and media persons were already present.

He also argued that "Whole objective of Wednesday's custody was defeated when after Karti's medical examination, doctor got him shifted to Cardiac Care Unit (at Delhi's Safdarjung Hospital)".

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Senior Advocate Abhishek Manu Singhvi, appearing for Karti Chidambaram, countered the claims of the CBI, and submitted that the arrest was made without declaration of grounds, which is per se unconstitutional.

"There is not an iota of evidence against Karti". Custodial interrogation is completely different.

In a day of dramatic developments, former Union Finance Minister P. Chidambaram's son Karthi was arrested from Chennai Airport yesterday soon after he landed in the city after a long voyage from London.

"There is substantial evidence with the agency which needs to be confronted with Karti. The CBI will explain all the details' we don't wish to interfere".

Mehta accused Karti and his father, who was then Finance Minister in 2008, connived with each other to get Foreign Investment Promotional Board (FIPB) clearance for the INX Media, headed by murder accused Peter and Indrani Mukherjea, which was earlier accused of serious violations in receiving overseas funds.

The CBI also informed the court that Karti was not cooperating in the investigation process. Sudden arrest after six months.

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.

Mehta argued that Karti's arrest was "not a case of political vendetta" as alleged by the accused.

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