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SC to decide CBI’s appeal against Karti Chidambaram on Sep 18

Karti Chidambaram

New Delhi: The Supreme Court today fixed on September 18 the appeal of the CBI challenging the Madras High Court order staying government’s look out circular against Karti Chidambaram, son of former Union Minister P Chidambaram, in a corruption case.

The FIR lodged by the CBI on May 15 had alleged irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti’s father was the Finance Minister.

A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said that its direction staying the Madras High Court order on lookout circular will remain in force in the meantime and as a result, Karti will not be able to leave India.

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