In a blow to Karti Chidambaram, a Supreme Court (SC) bench today (6 September) denied releasing the Rs 10 crore deposited by him for another three months, reports The Hindu. The amount was deposited with the SC’s registry as security for allowing him to travelling abroad.
The bench chaired by Justice Deepak Gupta decided to keep the money in the fixed deposit for three more months.
However, this is not the first time when the top court has dismissed his plea on the same matter. He had sought the return of the Rs 10 crore in May this year which was also turned down.
Chidambaram is an accused and currently under trial over money laundering allegations and the Aircel-Maxis case, and had deposited the amount following a condition imposed by the apex court for his foreign travels.
Karti Chidambaram is the son of former union finance and home minister P Chidambaram who is also currently under judicial custody for allegedly misusing his power in the INX-Media case. P Chidambaram was earlier transferred to Tihar jail to be kept in custody.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
