Delhi High Court on Friday directed Enforcement Directorate not to arrest Karti Chidambaram till March 20 in the INX media money laundering case.
Central Bureau of Investigation (CBI) has arrested Karti Chidambaram on February 28 at Chennai Airport on his return from London with the allegation that he was not cooperating with the Investigating agency.
CBI has registered a case in the month of May, 2017 for alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media, criminal conspiracy and cheating etc. It is further submitted that INX Media received overseas funds to the tune of Rs 305 crore in 2007 when Karti’s father P Chidambaram was the Finance Minister.
The ED has registered a money laundering case against Karti in May 2017 for his role in facilitating clearance from the FIPB for INX Media Ltd and its Directors Peter and Indrani Mukherjee both are accused in the murder of Sheena Bora and others.
Additional Solicitor General Tushar Mehta informed Delhi High Court that CBI was seeking extension of his custodial interrogation for six more days. CBI Special Judge Sunil Rana, after hearing the plea on behalf of CBI and Defence Counsel, ordered three day CBI custody for Karti Chidambaram till March 12.
It is submitted on behalf of Karti that they were apprehending sequential arrests of their client by the ED after he is freed from the custody of the CBI which is separately probing the case.
Delhi High Court Justices S Muralidhar and IS Mehta after hearing on behalf of Prosecution and Defence counsel directed the ED not to arrest Karti Chidambaram till March 20 in INX Media Money Laundering case. The Court directed the businessman to cooperate in the investigation and appear before the ED whenever required.
The Court further said that CBI court to proceed in the matter without being influenced by the bench’s interim relief order.