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The court said that if the trial court decides to grant bail to Karti Chidambaram in the CBI case, then it may impose conditions such as the accused shall appear before the ED as and when called for the investigation and cooperate in the probe.

Reacting to the CBI special court's order extending the custody of Karti, CBI sources said the agency is trying to reach to the bottom of the conspiracy before it takes the next step of questioning public servants who may have helped the duo to circumvent the FIPB rules to favour INX media. We would request the learned Chief Justice of the High Court to allocate the matter to a Bench that would deal with the matter preferably on 9th March, 2018.

Karti is being interrogated by the CBI since his February 28 arrest. The three-day custody granted to Karti by the court ended today. He shall also be directed not to leave the country and surrender his passport, it said. He said Karti also needed to be confronted with his chartered accountant S Bhaskararaman, who was arrested by the ED and Friday remanded in judicial custody till March 22. However, senior advocate Abhishek Manu Singhvi, who is the party colleague of P Chidambaram, opposed any further custodial interrogation of Karti.

It is a ten-year-old case and all the documents are available with them and "they need my custody to harass me", Karti said through his counsel.


The ASG termed it a typo (error) in the CBI's remand application with regard the company's address issue and said what the agency meant was the "incriminating material" recovered from the ASPL office.

Earlier, he sought bail from the court alleging that the CBI was acting at the behest of the Centre to malign the reputation of his father during whose tenure Foreign Investment Promotion Board (FIPB) clearance was granted to the INX Media group. It had registered an enforcement case investigation report (ECIR), against the accused named in the CBI complaint. He (Karti) is not the only person facing a case under the Prevention of Money Laundering Act.

He is accused of having received Rs10 lakh in kickbacks in 2007 to clear foreign investment worth Rs305 crore for INX Media, which was owned by Peter and Indrani Mukherjea, at a time when P. Chidambaram was finance minister in the Congress-led United Progressive Alliance government. 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.


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