High Court directs ED not to arrest Karti till March 22

New Delhi: Delhi High Court on Thursday directed the Directorate of Enforcement (ED) not to arrest Karti Chidambaram till March 22 in INX media money laundering case.
Central Bureau of Investigation (CBI) had arrested Karti Chidambaram, son of former union minister P Chidambaram, on February 28 at Chennai Airport on his return from London with the allegation that he was not cooperating with the Investigating agency.
CBI had registered a case in May 2017 for allegedly irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media, criminal conspiracy and cheating, etc.
It was further submitted that INX Media received overseas funds to the tune of Rs 305-crore in 2007 when Kartik’s father P Chidambaram was the Finance Minister.
ED had registered a money laundering case against Karti in May 2017 for his role in facilitating clearance from the Foreign Investment Promotion Board(FIPB) for INX Media Ltd and its Directors Peter and Indrani Mukherjee, who are accused in the murder of Sheena Bora and others.
It is submitted on behalf of Karti that they were apprehending sequential arrests of their client by ED after he got bail from the custody of the CBI which is separately probing the case.
Delhi High Court on March 9 had directed ED not to arrest Karti Chidambaram till March 20 in INX Media money laundering case.
Delhi High Court on Thursday, after hearing the plea on behalf of prosecution and defence counsel, directed ED not to arrest Karti Chidambaram till March 22 in INX Media money laundering case.
The court directed the businessman to cooperate in the investigation and appear before the ED whenever required.