Lookout notice for Karti as he wanted to close foreign accounts: CBI to SC

Lookout notice for Karti as he wanted to close foreign accounts: CBI to SC

Karti Chidambaram

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Karti Chidambaram wanted to travel abroad to close his foreign bank accounts

India'sCentralBureau ofInvestigation (CBI)claimedinSupreme Courton Fridaythat it issued a lookout notice againstKartiChidambaram,theson of formerfederal ministerP Chidambaram,as he wanted to travel abroad forclosinghis foreign bank accounts.

The SC was hearing a corruption case againstKartiChidambaram.

Karti'scounsel Kapil Sibal opposed theCBI's move to submit its finding in a sealed cover to the Bench headed by Chief Justice Dipak Misra.

"What he did abroad is part of this sealed cover,"additionalsolicitorgeneral(ASG)Tushar Mehta told theBench.JusticesAMKhanwilkarand D YChandrachudwere also part of the Bench hearing the case.

"Let me say what is contained in the sealed cover. What he has done when he was abroad. He said (during interrogation) he has only one account abroad. But when he went abroad, he closed severalbankaccounts. I don't want to say all this as it will embarrass him,but I have been compelled,"the ASGtold theBench.

To this Sibal countered,"Did you ask a single question about the bank accounts and property?"

"They interrogated me (Karti), but not a single question was asked on this," Sibal said."Ifthey can show any signature ofKartion any account, they can prosecute him under FEMA ortheblackmoneylaw."

The case againstKartipertains to acaselodged by the CBI onMay 15, alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune ofRs305 crore in 2007 when his father was thefinanceminister during the then UnitedProgressiveAlliance(UPA)regime.

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