No bank visits: Karti assures apex court

Wants to admit daughter in Cambridge

No bank visits: Karti assures apex court

Former finance minister P Chidambaram’s son Karti on Monday told the Supreme Court that he would like to go abroad regarding his daughter’s studies and will stay away from banks.

Karti’s counsel, senior advocate Kapil Sibal, told a three-judge bench headed by Chief Justice Dipak Misra that Karti had only opened just one account in 2016 and wants to go to Cambridge to get his daughter admitted to the university.

“He is willing to give an undertaking that he will not visit any banks there,” Sibal said.

The bench, also comprising Justices AM Khanwilkar and D Y Chandrachud, posted the matter for hearing on Tuesday as Additional Solicitor General Tushar Mehta, representing the CBI, was unavailable.

The premier probe agency had alleged that Karti had closed several of his accounts during his visits abroad and tampered with the evidence.

The apex court had earlier stayed the Madras High Court’s decision to hold back the lookout circular issued against Karti and others.

The agency had claimed there are irregularities in getting the Foreign Investment Promotion Board clearance for INX Media to receive Rs 305 crore overseas investment in 2007 when Chidambaram was the finance minister.

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