SC refuses to release Rs 10 cr bond of Karti for going abroad

The Supreme Court on Friday refused to release for three more months the Rs 10 crore deposited by Karti Chidambaram with the apex court’s registry for travelling abroad.

A bench headed by Justice Deepak Gupta said the amount will continue to remain in fixed deposit for another three months.

Karti, who is facing proceedings in cases like Aircel-Maxis and money laundering matters, had deposited Rs 10 crore pursuant to the condition imposed by the apex court for travelling abroad.

The apex court had in May too dismissed his plea seeking return of the Rs 10 crore. Karti, who is the son of former Union finance minister P Chidambaram, had earlier claimed in court that he had



taken the money on loan and was paying interest on it.

On May 7, a bench headed by the CJI had allowed Karti to travel to the United Kingdom, the US, France, Germany and Spain in May and June this year.

The apex court had in January also granted Karti permission to travel abroad

after depositing Rs 10 crore with the secretary general of the Supreme Court.

The court, on the Enforcement Directorate’s request, had earlier asked

Karti to file an undertaking that he would return to India and cooperate with the investigation, and warned that if

he did not do so it would “come down heavily” on him.