Karti Chidambaram says no undisclosed assets abroad, dares govt to seize if any | Latest News India - Hindustan Times
close_game
close_game

Karti Chidambaram says no undisclosed assets abroad, dares govt to seize if any

Indo Asian News Service, New Delhi | ByIndo Asian News Service
Sep 11, 2017 02:33 PM IST

Karti is alleged to have received Rs 3.5 crore from INX Media for helping it get FIPB clearance when it was run by Peter and Indrani Mukerjea and when P Chidambaram was the finance minister.

Denying he held undisclosed assets abroad, Karti Chidambaram, the son of former Union finance minister P Chidambaram, told the Supreme Court on Monday that the Centre should disclose any overseas assets held by him or his family and seize them.

Karti Chidambaram arrives at the CBI office in New Delhi in connection with the INX Media case.(Sonu Mehta/HT file photo)
Karti Chidambaram arrives at the CBI office in New Delhi in connection with the INX Media case.(Sonu Mehta/HT file photo)

“My father, mother, wife, and myself are income tax payees. If the government or its agencies can tell we have these properties, we will execute decrees in their favour and the government can take their possession,” Karti Chidambaram told a bench headed by Chief Justice Dipak Misra.

Hindustan Times - your fastest source for breaking news! Read now.

Senior counsel Kapil Sibal told the bench, also comprising Justice AM Khanwilkar and Justice DY Chandrachud, that the Central Bureau of Investigation was levelling “reckless and wild allegations” and that nothing had emerged during the course of his client Karti’s questioning by the central agency that pointed to the existence of undiscovered overseas properties owned by the family.

Sibal said this as Additional Solicitor General Tushar Mehta, appearing for the CBI, produced in a sealed cover what he said were details of properties linked to Karti. He said information about these had surfaced during the course of his questioning by the agency.

Sibal objected and said the CBI could not place before the court the documents allegedly linked to his client without filing a separate FIR.

He told the court that nothing, as claimed by the CBI, had emerged during the course of Karti’s questioning.

He said the CBI could only produce documents relating to the case in respect of which a lookout notice was issued to ensure that Karti did not leave the country.

Mehta told the court that he would establish that the details of all the assets submitted in the sealed cover were linked to the matter under investigation.

The court then adjourned the matter, saying it would hear it on September 18 and take a final decision.

The court is hearing the CBI’s plea challenging the Madras High Court order staying the lookout notice against Karti and others. The High Court order was in turn stayed by the apex court.

The matter relates to alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media when P Chidambaram was the finance minister in the United Progressive Alliance government.

Karti is alleged to have received Rs 3.5 crore from Mumbai-based INX media, now 9X Media, for helping it get FIPB clearance when it was run by Peter and Indrani Mukerjea, both accused in the Sheena Bora murder case.

The FIR in the case does not mention P Chidambaram, though it said he cleared the FIPB approval for Rs 4.62 crore of Foreign Direct Investment in the firm at an FIPB meeting on May 18, 2007.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On