The Apex Court has today come heavily on Former Finance Minister P Chidmbaram’s son Karti Chidambaram accused of money laundering for not abiding by the law.
The bench headed by Chief Justice Ranjan Gogoi has warned Karti Chidambaram for playing with the law. Chief Justice said if Karti will not cooperate in the investigation process then the Supreme Court will have to take strict action against them.
“Please tell your clients that he will have to cooperate. You have not cooperated. We wanted to say a lot of things. We are not saying them right now,” the bench
The Supreme Court also directed Karti Chidambaram to appear before the Enforcement Directorate in connection with the Aircel-Maxis deal and his role in the INX Media case in March.He has been asked to appear for the Enforcement Directorate inquiry on 5, 6, 7 and 12th March
This development came when the court was hearing Karti Chidambram’s plea in which he has seeked permission from the top Court for going abroad. Karti has sought permission to travel abroad from February 10 to 26 and then from March 23 to 31.
Karti has seeked permission to travel to France, Spain, Germany and the United Kingdom for the next few months for international tennis tournaments organised by a company called ‘Totus Tennis Ltd’ having its registered office in the UK. Totus Tennis Ltd is the same company which is under the radar of CBI & ED because of the funds transferred by Deputy British High Commissioner to India, Michael Stephen Nithvrianakis, in a company
According to the probe report of ED Totus Tennis Ltd is owned and controlled by Chess Global Advisory Services (a company owned and controlled by Karti Chidambaram). This company has entered into a collateral agreement on 13.10.2015 with Neutrino Holdings LLC, Delaware (represented by Vimal Agarwal) in connection with Senior Secured Convertible Promissory Note. It is also revealed, inter alia, that Neutrino Holdings LLC is managed by Michael Stephen Nithvrianakis (who was earlier Deputy High Commissioner to India) and Karti Chidambaram. Neutrino Holdings LLC is a subsidiary of Chess Global Advisory Services Pvt Ltd.”
Who knows what is cooking now also with the same company under the tennis tournament of which Karti is seeking permission to go abroad.
The Supreme Court has granted permission to Karti for going abroad but with the terms and conditions which he has to fulfil first. Court has directed Karti to deposit Rs 10 crore. Besides asking to deposit Rs 10 crore with the secretary general of the Supreme Court, the bench also asked him to file an undertaking that he would return and cooperate with the investigation.
ED and Central Bureau of Investigation (CBI) are investigating many cases against Karti. CBI is investigating the Aircel-Maxis deal
In 2006, Former Finance Minister P Chidambaram misused his capacity as the Finance Minister in the UPA government to illegally grant FIPB approvals to Malaysia based firm Maxis for buying Indian telecom company Aircel for ₹3,500 crore and in exchange his son, Karti Chidambaram was given kickbacks.
Apart from this, Karti Chidambaram and P Chidambaram are also involved in the scandal in the INX media case, which includes allegations of bribery and lobbying in giving foreign investment of Rs 300 crore to INX media (now known as NewsEx), which is owned by Peter and Indrani Mukherjee who are associated with the sensational Sheena Bora murder case.