The Delhi High Court will on Friday (March 23) pass the order on the bail plea of Karti Chidambaram in connection with the INX Media case filed by the Central Bureau of Investigation (CBI).
In a March 16 hearing, the court had reserved order on the matter.
On March 15, the Supreme Court gave interim protection to Karti from arrest in connection with the case. He now cannot be arrested until March 26 by the Enforcement Directorate (ED).
Karti is being investigated by the CBI and ED for his alleged role in the INX Media case.
The ED had arrested Karti in Delhi on February 16, and he is judicial custody till March 24.
In May 2017, the ED registered a money laundering case against Karti for allegedly facilitating Foreign Investment Promotion Board (FIPB) clearance for INX Media Ltd and Peter and Indrani Mukerjea when his father was the finance minister in the Congress-led United Progressive Alliance (UPA) government.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app