Advertisement
Sunday, Nov 28, 2021
Outlook.com
Scam Opera

The Case Against Karti

How the CBI built its case against the former FM’s son

The Case Against Karti
Netted | Photograph by Getty Images
The Case Against Karti
outlookindia.com
2018-03-10T10:55:48+05:30

After more than two years of stacking up evidence against Karti Chidambaram, the CBI arres­ted him from Chennai Airport on February 28 in connection with a probe into all­eged bribery. The case dates back to when Karti’s father P. Chidambaram was finance minister in the Congress-led UPA-1. In an FIR filed last May, the CBI claimed that INX media founder, Indrani Mukherjee, had paid Karti a bribe of Rs 3.6 crore to manage a Foreign Investment Promotion Board (FIPB) app­roval for 26 per cent FDI in the media company. As per the FIR, INX paid Karti-owned Chess Management Services Rs 10 lakh for “management consultancy charges toward FIPB notification and clarifications”. The remaining Rs 3.5 crore was all­egedly paid to a firm named Adv­antage Strategic Consulting, though Karti’s legal counsel Abh­ishek Manu Singhvi says only four invoices reportedly rec­overed from the computer of Karti’s chartered accountant, Bhaskaran, were produced by the CBI and not evidence of the actual remittances.

The CBI claims Advantage Str­a­tegic is Karti’s ‘benami’ company, controlled through family retainers. These allegations were also made earlier by Thuglak editor S. Gurumurthy, relying on documents recov­ered by Income Tax authorities and the Enforcement Directorate, including a will by Adv­antage’s shareholders beque­athing their shares to Karti’s daughter.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Ordinary People And Their Tales Of Incredible Courage

Ordinary People And Their Tales Of Incredible Courage

In ordinary people live extraordinary tales of courage that speak truth to power

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

The post-mortem report said that the three girls died 'when they got crushed after coming in front of a train that was passing through'.

ISL: ATK Mohun Bagan Hammer East Bengal 3-0 In Kolkata Derby

ISL: ATK Mohun Bagan Hammer East Bengal 3-0 In Kolkata Derby

Three first-half goals proved more than enough for ATK Mohun Bagan to beat East Bengal in the first Kolkata derby of ISL 2021-22.

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

Former Chief Minister and Member Parliament Dr Farooq Abdullah:'The restoration of early statehood and Article 370 is the only way forward. Otherwise, Kashmiris will continue to bleed and there will be hardly any progress in this part of the world'.

Advertisement