SC allows Karti Chidambaram to withdraw Rs 20 Cr deposited for travelling abroad

Image
Press Trust of India New Delhi
Last Updated : Jan 17 2020 | 12:55 PM IST

The Supreme Court on Friday allowed Congress MP Karti Chidambaram to withdraw the Rs 20 crore which was deposited with the apex court registry as a condition for allowing him to travel abroad.

The apex court in January and May 2019 had granted Karti Chidambaram permission to travel to foreign countries after depositing Rs 10 crore each respectively with the registry.

When the matter came up for hearing before a bench headed by Chief Justice S A Bobde, Solicitor General Tushar Mehta said there was no objection from the Enforcement Directorate to the plea seeking withdrawal of the amount since he has returned.

Taking note of the submission, the bench also comprising justices B R Gavai and Surya Kant said Karti can withdraw the said amount since he has already returned.

The condition was imposed by the apex court after the ED had opposed his plea for travel abroad.

On May 7, the top court had allowed Karti to travel to the United Kingdom, the US, France, Germany and Spain in May and June this year.

Karti has been facing ED cases in INX media and Aircel maxis matters.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jan 17 2020 | 12:55 PM IST

Next Story