38.6c New Delhi, India, Sunday, May 26, 2024

Inx Media Case Update: Karti Chidambaram Seeks Refund Of Rs. 20 Crores Deposited As Security For Travelling Abroad On Bail

By LawStreet News Network      13 January, 2020 06:01 PM      0 Comments
Inx Media Case Update: Karti Chidambaram Seeks Refund Of Rs. 20 Crores Deposited As Security For Travelling Abroad On Bail

On January 13, 2020 the Supreme Court of India, issued a notice to the Enforcement Directorate to file a reply to a petition submitted by Karti Chidambaram seeking a refund in the amount of Rs. 20 crores, which was deposited by him as a security for travelling abroad, while he was out on bail. The court will hear the matter on Friday next, January 17, 2020.

A bench headed by Chief Justice of India, S A Bobde, Justices B R Gavai and Surya Kant sought clarification regarding the purpose of the security deposit from the investigating agency and whether that purpose stood fulfilled after K. Chidambaram’s return from abroad.

Earlier, the court had allowed K. Chidambaram to go abroad for various purposes like the admission of his daughter and for participation in tennis tournaments held abroad, in the last two years. He was allowed to visit United Kingdom and USA in May and Germany and Spain in June, 2019. The plea to travel abroad also stated that the respondent is a former tennis player, an administrator and an entrepreneur. 

The money was deposited with the Supreme Court registry on January 30th and May 7th last year, Rs. 10 crores each time along with an undertaking by Karti. The CJI, during the hearing, asked K. Chidambaram, “Do you want a zero to be added? ... You (Karti) can go wherever you want to, you can do whatever you want, but don't play around with the law. If there is an iota of non-cooperation, we will come down heavily." 

The CBI expressed serious apprehensions regarding this and even pondered over the fact - whether the respondent would try to tamper with evidence.Solicitor General Tushar Mehta, appearing for the ED, said the agency would require Karti's presence on four dates in March for ongoing investigations and asked the Apex Court to impose conditions accordingly, as done in the past to ensure that he comes back to India.

The agency had opposed the plea earlier on the grounds that KC had stayed abroad for 51 days in 6 months for no visibly eminent reason. KC is facing criminal charges relating to the INX Media case for receiving Rs. 305 crores in his account as foreign funds. The ED has said that Karti, who is also facing criminal proceedings in cases like the Aircel-Maxis case and other money laundering matters, has been “blatantly misusing” the liberty granted by the court in allowing him to travel abroad. According to the respondents, KC has been using the same to delay the ongoing investigation in the case.

Author: Meher Mansi

Share this article:

User Avatar

Leave a feedback about this

Trending Judiciary
Courts this Week: Law Street Journal's Weekly Round-Up of SC & HCs [May 20 - May 25]

Get the latest updates from the Supreme Court of India and the High Courts ! Here’s a round up of the week's top legal stories in a quick, easy-to-read summary.

26 May, 2024 11:25 AM


Trending Judiciary
Supreme Court refuses to entertain plea for stay on new criminal laws

SC refuses plea to stay new criminal laws. Court deems the plea casual, noting laws aren't yet implemented. Petitioner withdraws. Laws effective from July 1, 2024.

20 May, 2024 12:58 PM
Trending Know The Law
SCBA Election Result 2024, Know the newly elected members

SCBA Election Result 2024: Senior Advocate Kapil Sibal elected President. Know the newly elected members and key office bearers leading the Supreme Court Bar Association.

20 May, 2024 03:03 PM
Trending Judiciary
Cannot Allow the Game of Hide and Seek for Committing Murder of an Unborn Child: MP High Court [Read Order]

MP High Court denies abortion for minor rape victim, condemns misuse of legal authority to terminate pregnancy and prevent justice.

20 May, 2024 03:52 PM
Trending Judiciary
Pune Porsche Hit & Run: Bail Granted to 17 Year Old in Under 14 Hours, Asked to write essay

Bail granted to 17-year-old in Pune Porsche hit-and-run case within 14 hours. Conditions include educational tasks, supervision, and counseling. Incident killed two.

20 May, 2024 04:30 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email