Karti Chidambaram remanded in CBI custody for 3 three more days
Mar 10 2018
The interim relief from "any coercive action" taken by the ED came a day after the Supreme Court transferred to the Delhi High Court his plea seeking quashing of summons issued by the probe agency.
This comes two days after the apex court on Tuesday refused to grant anticipatory bail to the Congress leader.
Delhi Court today extended the judicial custody of Karti Chidambaram's Charted Accountant S Bhaskararaman by 14 days in connection with INX media money laundering case.
They, however, changed tactic to allow them to move the High Court after the Court appeared agreeing to Additional Solicitor General Tushar Mehta's submission that any interim protection to Karti would set a wrong precedent in 50 similar cases involving "ordinary criminals" that were pending before the court.
He had also sought direction to the ED to forbear him from investigation under the PMLA, the commission of a predicate offence or the existence of proceeds of crime in the M/s INX Media case and investigate the alleged offence of money laundering only if and after the proceeds of crime arising out of a predicate offence are identified by the CBI.
But, on March 1, 2018, when he again produced in the court, his custody was extended by five days.
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.
He said he was only referring to them as persons whose statements have been recorded by the agencies in connection with the FIPB clearance granted to INX Media when P Chidambaram was the Union finance minister in 2007. He further added that CBI wants Karti Chidambaram to confront the evidence collected against him.
"For one year, the CBI can not find the registered office".
CBI had registered a case agains him in May 2017 for the alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media, criminal conspiracy and cheating etc.
The CBI had lodged an FIR on May 15 previous year alleging irregularities in the 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.
Singhvi said the CBI needed to rest its demand for extending the custody of his client on solid grounds.
According to ANI, the CBI filed another application seeking the court's permission to produce Indrani and Peter Mukerjea for confronting them will all accused in the case.