Health Care

Karti Chidambaram appears before CBI in FIPB approval case

Karti Chidambaram appears before CBI in FIPB approval case”

Karti Chidambaram, son of former Finance Minister P. Chidambaram, on Wednesday appeared for questioning before the CBI in a matter related to alleged irregularities in FIPB clearance to INX Media in 2007.

The CBI alleged that Karti received the money from INX Media for using his influence to manipulate a tax probe against it in an FIPB violation case for an investment from Mauritius.

The FIR does not mention the name of Chidambaram senior, though it said he cleared the FIPB approval for Rs 4.62 crore Foreign Direct Investment (FDI) in the FIPB meeting on May 18, 2007.

The CBI filed a formal complaint on May 15 and has searched the homes and offices of Karti and his associates in connection with the charges. Subsequently, more summons were issued.

Hence, in the interest of justice and in order to avoid conflicting views in the matter, the judge directed the Registry to return all the papers filed before the court to the parties for enabling them to approach the Delhi High Court, which has superintendence over the Special Court for CBI cases there, the judge added. Last week, the Supreme Court cancelled a High Court order that had put the notice on hold, and said Karti can not leave India without submitting to investigation. However, the Madras High Court on Tuesday asked him to approach the Delhi High Court.

He had also challenged the Look Out Circular issued on the CBI's request to prevent his travel overseas.

However, the Supreme Court had on August 14 stayed the high court order on an appeal by the Centre after observing that Karti had not joined the investigation in the case.

Karti has argued against the lookout circular and also said in court that he is being targeted because of his father.

Please Wait while comments are loading.

Like this



23 August 2017
Court to declare sentences of 1993 serial blasts convicts
The court will announce its judgment against Siddiqui, who is accused in the murder of city builder Pradeep Jain, on August 31. Siddiqui, who had turned an approver in the case, was declared hostile.

23 August 2017
South Korea military drills not conducive towards easing tensions: China
USA defence secretary James Mattis said the smaller troop numbers were "by design to achieve the exercise objectives". Air Force U-2 Dragon Lady takes part in a drill at Osan Air Base in Pyeongtaek, South Korea , August 21, 2017.

23 August 2017
Major Overwatch Competitive Season 6 Changes Announced
Last season, placement matches ranked players lower than their supposed SR so that they could climb more ranks during the season. You'll only have to play five matches per week if you're at Diamond and above, and decays will charge 25 SR rather than 50.

23 August 2017
Russian Federation bristles at United States sanctions
The six individuals include four Russians, one Chinese and one North Korean, according to a Treasury Department statement. President Donald Trump earlier this month said he would respond to North Korea's nuclear threat with "fire and fury".

23 August 2017
Intuitive Surgical, Inc. (NASDAQ:ISRG) Trading Up - Insiders Are Selling
Intuitive Surgical, Inc . designs, makes and markets da Vinci Surgical Systems, and related instruments and accessories. Winton Group Ltd divested its holdings by shedding 1,153 shares a decrease of 44.8% from 03/31/2017 to 06/30/2017.

23 August 2017
'Fewer US Troops in Joint Drill Not Due to N. Korea'
But this year, the bitter back-and-forth between North Korea's Kim Jong Un and President Trump may have raised the stakes. Despite the threat, USA and South Korean militaries launched this year's 11-day training on Monday morning as scheduled.

23 August 2017
Adam Scott Takes on Evil in the First Trailer for 'Little Evil'
Comment below and let us know if you plan to watch Little Evil when it debuts on September 1. Donald Faison , Bridget Everett , and Chris D'Elia co-star in Craig's latest comedy.

23 August 2017
Mutant Goat Has Man Face, Terrified The Whole Village With Strange Features
THIS freaky mutant goat which has eerie human-like facial features has "terrified a whole village" with its appearance. The owner Gladys Oveido was left "deeply surprised" when she saw the face of the new arrival on her farm.

23 August 2017
Chemical shipments intercepted en route from North Korea to Syria
Washington said at the time the SSRC was responsible for the producing the chemical weapons used in the April 4 attack. In 2016, the council also blacklisted two KOMID representatives who were in Syria, Reuters reported.

23 August 2017
Angola to elect new president as dos Santos retires
With Angola in the midst of an economic crisis caused by a fall in oil prices, opposition parties sense a political opportunity, Reuters reports.