SC trashes arrogant Karti’s demand for short term interest for the Rs.10 crore deposit as security for the abroad travel

Karti Chidambaram tests the patience of the Supreme Court, asking for interest on the Rs.10 crores deposit he placed at the SC for travel abroad

Karti Chidambaram tests the patience of the Supreme Court, asking for interest on the Rs.10 crores deposit he placed at the SC for travel abroad
Karti Chidambaram tests the patience of the Supreme Court, asking for interest on the Rs.10 crores deposit he placed at the SC for travel abroad

Supreme Court trashes tainted Finance Minister Chidambaram’s son Karti’s demand seeking short interest for the Rs.10 crores deposit to be submitted by him for the security to his abroad travel. Irked by the arrogant demand by Karti, the apex court cautioned him from filing such petitions.

The probe agency had earlier opposed the plea of Karti seeking permission to travel abroad, and said that he has been evasive, non-cooperative and caused a delay in completing the investigations.  Karti was abroad for 51 days in the last 6 months, the probe agency has said.

A bench of Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna was on Friday requested by the counsel for Karti that the security money be kept as the “short term deposit”, which would bear interest, for a three-month period and the money be allowed to be withdrawn by him on his return from abroad.

The bench declined the plea and said, “If you are asking for such a condition then next time, when he will seek permission to travel abroad, we will have to think.”

The apex court on January 30 had allowed Karti to travel abroad after depositing Rs.10 crores as security.

He was also asked to appear before the Enforcement Directorate (ED) for quizzing in INX Media and Aircel Maxis cases.  Earlier, Supreme Court allowed the plea of Karti to go abroad and asked him to cooperate in the probe by the ED.

“Don’t play around with the law…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,” it had said.  Karti has sought permission to travel abroad twice from February 10 to 26 and again from March 23 to 31.

He had sought the court’s nod to travel to France, Spain, Germany and the United Kingdom for international tennis tournaments organised by ‘Totus Tennis Ltd’.  The plea has said that Karti is associated with tennis as a “former player, current administrator and entrepreneur”.

The probe agency had earlier opposed the plea of Karti seeking permission to travel abroad, and said that he has been evasive, non-cooperative and caused a delay in completing the investigations.  Karti was abroad for 51 days in the last 6 months, the probe agency has said. On September 18 last year, it had allowed Karti to travel to the UK from September 20-30.

Meanwhile, in the INX Media case, bribe giver Indrani Mukerjea had confessed to court and the agencies, seeking her to consider as an Approver.

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4 COMMENTS

  1. I can understand Karti is a special case.
    But in general, depositor should get interest since it is not the accused’s fault that cases drag on for years. The purpose of the deposit is to assure a particular behaviour – it is not to financially penalise an accused before being proven guilty.

  2. This is how crooks are allowed to live and lead a luxurious life and travel anywhere anytime!! Rupees ten crores is a peanuts for KC. Along with his corrupt father and mother KC too is looking at his horoscope to escape “bad periods” and to avoid jail term while the judiciary is just playing into his hands though with a pepper and salt comments and red chilly punches.

  3. Investigation Agencies should thoroughly check the source of 10 crores – which this thief is supposed to deposit.

    He may play a drama to show he is penniless & he is compelled to take loan from others to pay the deposit.

    Investigation Agencies should try all dirty tricks like – shadowing, snooping, telephone tapping etc. to nail this thief & his famit

  4. Just 10 crores as Security??? !!! For a criminal who has stashed Trillions in various Tax- Havens!!!

    I seriously suspect the integrity of the SC Judges.

    In all likelihood they have received huge bribes to facilitate Karti’s escape from law

    Karti will play the drama of exiting & entering a few times but when things really get hot for him he will do everything in his might to defer, delay his come back till he finally absconds

    If at all he returns by End-february, his Passport should be impounded without delay & he should be kept under House-Arrest

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