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Given info on Karti's possible forn transactions, assets: CBI

Press Trust of India  |  New Delhi 

The today told the Supreme that it has furnished details in a sealed cover on the probe in a corruption case about "possible transactions" in foreign countries and 25 alleged offshore properties of Karti Chidambaram, son of former Union Minister P Chidambaram.

The FIR, lodged by the on May 15, had alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti's father was the Union Minister.


Additional Solicitor General Tushar Mehta, appearing for the CBI, told a bench headed by Chief Justice that investigation in the case was at a "crucial stage" and they have placed its details in a sealed cover.

Senior advocate Kapil Sibal, appearing for Karti, opposed Mehta's submissions, saying "wild and baseless" allegations have been levelled against his client and these purported issues have nothing to do with the look out circular (LOC) issued against him.

"Was any FIR filed regarding any of these alleged transactions? I have serious objection on this," he told the bench, which also comprised Justices A M Khanwilkar and D Y Chandrachud.

Countering Sibal's submissions, Mehta said "what does this sealed cover contain? Possible transactions that have emerged in the investigation so far in foreign countries and 25 foreign properties of Karti. I cannot go beyond this".

Sibal, however, maintained these were serious allegations and have nothing to do with the

"I have serious objection. Not a single property has been made abroad. My father, my family are deeply pained on the wild and baseless allegations levelled against me. I have no undisclosed assets anywhere in the world," he said.

"They (CBI) should put an end to these wild allegations. They should file an FIR if they want," he said, adding, "let them show even one undisclosed asset abroad".

To this, Mehta said, "the probe is going on and it is at a crucial stage".

However, the bench said it would take up the matter for final disposal on September 18.

"First of all, we will deal with the objection whether, without an FIR, you can file this in a sealed cover," the bench said.

Mehta said the bench could look into the details furnished by the agency in the sealed cover.

The bench said its direction staying the Madras High order on will remain in force in the meantime and as a result, Karti will not be able to leave India.

The apex is hearing CBI's appeal challenging Madras High order staying the government's against Karti in the alleged graft case.

On September 1, the had told the top that there were "good, cogent" reasons for issuing the against Karti.

On August 18, the had asked Karti to appear before the investigating officer at the headquarters here for questioning in the case.

The bench had given the probe agency the liberty to question Karti as many times it wanted.

Before this, the apex had said that Karti would not be allowed to leave India without subjecting himself to investigation in the case. The had then stayed the Madras High order putting on hold the issued by the Centre against Karti.

The had claimed that the FDI proposal of the media house, cleared by Chidambaram, was "fallacious".

The FIR was registered on May 15 before the special judge here and the registration of the case was followed by searches at the residences and offices of Karti and his friends on May 16.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 11 2017. 18:22 IST
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