ED asked not to arrest Karti Chidambaram for now

INX Media case: SC asks Karti Chidambaram to move Delhi HC for interim relief

In a related development, the Delhi High Court gave a major relief to Karti Chidambaram, directing the Enforcement Directorate (ED), which is separately probing the allegations, not to arrest him till till the next hearing of the case on March 20. The ED also prompted Karti's lawyers to withdraw the plea from the top court and go to the High Court asking for relief.

Sibal and Singhvi first insisted that the ED should not arrest Karti for the same transaction that has already been fully investigated by the CBI on the charge that he allegedly received money for helping INX Media in the foreign investment clearance in 2007 when his father P Chidambaram. Prior to the hearing, Karti who is also being produced before the same court told his CA in Tamil, " be strong, I am strong too".

The CBI had filed separate case against Karti and others on the basis of information about alleged illegal payments made by INX media.

Mehta said the CBI raided an earlier unknown office of Advantage Strategic in Chennai on Wednesday and Thursday and "recovered a lot of documents proving Karti Chidambaram was directly associated with it".

The ED had registered a case against him and others in May a year ago.

The CBI had lodged an FIR on May 15 a year ago alleging irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when P Chidambaram was the Union finance minister.

Karti has been granted the Interim Protection from the Delhi High court after being denied yesterday. These included Karti Chidambaram, INX Media and its directors, Peter and Indrani Mukerjea.

The Court said that the ED can not arrest the businessman until the next hearing in the case. The investigative agency had reportedly sought Karti's custody for six additional days, citing new "incriminating materials" as grounds to interrogate him further.

On Friday, the CBI moved two more applications, seeking court permission to confront Karti Chidambaram with his Chartered Accountant Bhaskar Raman.

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