INX media case: CBI wants narco test on Karti Chidambaram, moves Delhi court
Special judge Sunil Rana said the court would take up the matter on March 9 along with two other applications seeking production warrants of Karti Chidambaram’s CA.india Updated: Mar 07, 2018 18:27 IST
The CBI moved a court in New Delhi on Wednesday seeking permission to conduct narco analysis test on Karti Chidambaram in the INX media case.
Special judge Sunil Rana said the court would take the matter on March 9 along with two other applications seeking production warrants of Karti Chidambaram’s chartered accountant S Bhaskaraman, arrested in the money laundering case, and co-accused Indrani Mukerjea.
Karti was sent to the CBI custody three more days on Tuesday, with the court saying the extension of his remand was necessary to maintain continuity in the investigation to secure evidence to arrive at the truth.
The 46-year-old Karti is accused of using his influence in the finance ministry — at a time when his father was the minister — to help INX Media get approval for foreign investments from three Mauritius-based investors.
Karti was arrested on February 28 at Chennai airport on his return from the United Kingdom in connection with the FIR lodged on May 15 last year.
The FIR alleged that INX Media reportedly received approval from the Foreign Investment Promotion Board (FIPB) for Rs 4.62 crore investment but received Rs 305 crore by sale of shares at a premium of Rs 800 per share instead of Rs 10 as mentioned by the company in its application.
The CBI alleges that after the income tax department started investigating, INX Media roped in Karti’s company called Chess Management Services Pvt Ltd “to get the issues resolved” by influencing officials of the FIPB.