INX money laundering case: CBI seeks 15-day judicial custody for Karti Chidambaram

Karti Chidambaram was produced before Delhi court in connection with the INX Media case on Monday. 

The Central Bureau of Investigation (CBI) has decided to not seek further remand for Chidambaram in the case and told the court to send him to judicial custody for 15 days. He will seek a separate cell in jail in case court sends him to judicial custody. 

Meanwhile, Karti Chidambaram moves an application seeking early hearing of his bail plea.

The CBI on Saturday had brought Karti Chidambaram and S Bhaskararaman, Karti's chartered accountant(CA), face-to-face. Bhaskararaman, who handled all the business dealings and finance of Karti, was arrested by the Enforcement Directorate (ED) last month. 

The agency had on Friday extended Karti's custody for three days to make him confront his CA. 

Karti was arrested on February 28 at the Chennai airport on his return from the UK, in connection with the FIR lodged on May 15 last year alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of about Rs 305 crore in 2007 when his father was the Union finance minister.

The CBI has alleged that Karti received Rs 10 lakh as bribe for the FIPB clearance. The apex court had on February 23 refused to stay the summons issued by the ED against Karti.

The ED had registered a case against him and others in May last year. It had registered an enforcement case investigation report (ECIR), against the accused named in the CBI complaint. These accused included Karti Chidambaram, INX Media and its directors, Peter and Indrani Mukerjea.