Sensational allegations levelled by CBI.
Karti Chidambaram, arrested by the CBI in connection with the probe into the INX Media case, was today produced before a Delhi court. The court ordered 1-day police custody for him, although CBI had urged for 15 days custody. He will be produced in court at 12.30 PM on Thursday.
46-year-old Karti, son of former Finance Minister P Chidambaram, was produced before Metropolitan Magistrate Sumeet Anand. The court allowed Karti and his lawyers to interact for 10 minutes, after which the proceedings resumed.
When the hearing began, CBI accused Karti of not cooperation and wanted 15 days remand to question him. Abhishek Manu Singhvi, appearing for Karti said that there is no reason for arrest and it is politically motivated. He said that Karti is not a 'Hindustan leaver' and has comeback to India thrice. Karti claimed that he has been cooperating with the probe and has no relation with Advantage Strategic, which is in the eye of the storm. CBI on the other hand said that it is concerned with Karti frequently leaving country. CBI claimed that Karti had demanded and accepted $1 million to settle the FIPB issue. According to CBI, on February 17 , an accused has made a statement before the magistrate in court that Karti Chidambaram had asked for a million dollars in a hotel. The accused is Indrani Mukerjea, according to CBI sources.
Here's how the matter panned out in court.
Earlier in the day, Karti was taken into custody by a team of CBI officials at the Chennai airport on his return from the United Kingdom. The CBI had lodged an FIR on May 15 last year alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when P Chidambaram was the Union finance minister.
The agency has alleged that Karti had received funds to the tune of Rs 10 lakh in the case. The Enforcement Directorate (ED) has also registered a money laundering case in the INX Media case.
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