SC declines Karti's plea of putting his Rs 10 cr security as interest-bearing short term deposit

The Supreme Court Friday declined the request of Karti Chidambaram that the Rs 10 crore, which he was asked to deposit as security for travelling abroad, be kept as an interest-bearing short term deposit by the apex court registry.

The apex court on January 30 had allowed Karti, son of former finance minister P Chidambaram, to travel abroad after depositing Rs 10 crore as security.

He was also asked to appear before Enforcement Directorate (ED) for quizzing in INX Media and Aircel Maxis cases.

A bench of Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna was on Friday requested by the counsel for Karti that the security money be kept as the "short term deposit", which would bear interests, for a three month period and the money be allowed to be withdrawn by him on his return from abroad.

The bench declined the plea and said, "If you are asking for such a condition then next time, when he will seek permission to travel abroad, we will have to think."