Karti Chidambaram Gets Interim Relief From ED Arrest in INX Media Case

CBI gets three more days to quiz Karti

As Karti's CBI custody came to an end on Friday, the CBI sought a further remand for 6 more days, however, the Supreme Court transferred the case to the Delhi High Court which granted relief to the 46-year-old businessman. The Delhi High Court today said that he can not be arrested till March 20, the next hearing of the case.

His custody, initially extended by five days on 1 March, was again extended by three days to 9 March so that the CBI could question him over the matter.

The ED's special public prosecutor Nitesh Rana had earlier told the court that during the course of an investigation, it was revealed that Bhaskararaman had been assisting Karti to manage his "ill-gotten wealth" in India and overseas. As per reports, the special CBI Judge Sunil Rana heard the bail plea of Karti Chidambaram today.

The CBI had filed separate case against Karti and others on the basis of information about alleged illegal payments made by INX media.

"For one year, the CBI can not find the registered office". Karti is accused of using his clout as the son of then finance minister P Chidambaram to get Foreign Investment Promotional Board (FIPB) clearance for INX Media in 2007, which was earlier accused of serious violations in receiving overseas funds. In return, Karti is alleged to have been paid 700,000 dollars by the two former co-owners of the media house, Peter and Indrani Mukerjea. He also informed the Court that the Central Bureau of Investigation (CBI) would be seeking an extension of custodial interrogation for six days, and sought time for filing a reply in the bail application.

The Court also stated that the interim protection against arrest will only hold good till the next date of hearing. He fears that the ED may detain or arrest him as soon as out from the CBI custody since the ED has issued summons to him for the same transaction that prompted the CBI to arrest him at Chennai last week on arrival from London.

Defence counsels Kapil Sibal and Singhvi told the court that they apprehended sequential arrests of their client by the ED after he was freed from the custody of the CBI.

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