CBI moves SC challenging bail granted to Karti Chidambaram in INX case

The CBI today steered to the Supreme Court challenging a Delhi High Court command of according bail to Karti Chidambaram, son of senior Congress leader P Chidambaram, in the INX Media case.

Karti Chidambaram has been charged of getting government clearance for foreign investments worth around Rs 300 crore in television company INX Media.

Investigators said he used the influence of his father, who was the Union Finance Minister in the then UPA government.

  • Karti was granted bail by the Delhi High Court in March.
  • Investigators said he used the influence of his father Mr. P Chidambaram.
  • Karti was arrested on February 28 by the CBI.

The 46-year-old businessman Karti was allowed bail by the Delhi High Court in March 2018 after being questioned for 23 days by the agency while in its custody.

The CBI has asserted in its appeal that “it was not permissible for the high court to accord the bail plea filed by Karti when an application seeking similar relief was already pending before the trial court.”

“Further, the high court while granting bail to Karti neglect to utilize its self-determination in a responsible manner without verifying the nature of indictment, the nature of evidence provided and the reasonable understandin of tampering with the proofs in the present case,” the CBI alleged in its appeal.

A single judge bench of the high court had on March 23 granted bail to Karti, who was arrested on February 28 by the CBI, saying the respite should not be declined unless the crime was of the “absolute extent” implying “severe punishment”.

The high court had also ascertained that while there was “accusing evidence” of a “nexus” between his then company Chess Management Services (P) Ltd (CMS) and Advantage Strategic Consulting (P) Ltd (ASC), which had received a payment of Rs 10 lakh for allegedly providing the FIPB clearance to INX Media, it was not adequate to deny bail to Karti as the payment was duly accounted for in the company records and was received by a cheque.

The CBI had initially alleged that Karti received Rs 10 lakh as a bribe for facilitating the FIPB clearance to INX Media. It had later revised the figure to USD 1 million.

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