CBI opposes Karti Chidambaram's plea to go overseas

P Chidambaram

P Chidambaram. $.first().removeAttr; $.first().css

He told the court to "listen to what he was not saying", while contesting Karti Chidambaram's Monday affidavit where he said that he had just one account in Britain opened in June 2016. "I (Karti) am a politically exposed person and the bank closed that account, so I (Karti) went there to withdraw the money", Sibal said, adding that CBI had never questioned him about his foreign bank account. He also stated that the banks in the United Kingdom have strict laws for opening bank accounts for "Politically Exposed Persons" and because of his father's political clout, they were subjected to rigorous scrutiny by the global banks.

"As a result of my political affiliation (as well as that of my father), I am classified as a "politically exposed person" (PEP) for the purposes of banking in various worldwide jurisdictions and hence am subject to enhanced Know Your Customer norms..."

After a almost 75 minute hearing, the court directed the matter for further hearing on Wednesday.

Holding the CBI responsible for closure of his bank accounts, he said that these accounts have been rendered non-operational as a effect of a unilateral decision taken by the bank on June 7, 2017 and that too without giving any reasons. It is because of my father's and my political affiliation I am being subject to such rigorous scrutiny.

At one point during the course of the hearing, the court indicated that it would allow Karti Chidambaram to go overseas for 10 days.

According to a report in The Times of India, Karti said: "My family has only one overseas property, which was acquired by transfer of funds through nationalised banks in India under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India by following due procedure".

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Former Union Minister P Chidambaram's son Karti Chidambaram on Monday appealed to the Supreme Court, seeking approval to travel overseas.

A look out notice issued by the Central Bureau of Investigation (CBI) on July 18 prevents Karti from travelling overseas without the investigating agency's permission. Karti Chidambaram has closed several foreign accounts and transferred money deposited in them when he was overseas, the CBI also said. "The agencies, as per their claim, know where Karti's accounts and prop erties are".

Karti Chidambaram is facing probe for his alleged role in FIPB clearance for INX Media Ltd when his father was the Union Finance Minister.

Senior advocate Kapil Sibal, representing Karti, opposed CBI's submissions and said these documents can not be a part of the case diary and if the court looks into it, then these materials should also be shown to him. "The FIR in the INX Media case is a politically motivated FIR meant to embarrass and humiliate me and the members of my family", Chidambaram added. It also accused him of charging service while getting FIPB clearance when his father Chidambaram was the finance minister of India.

They also said I have bank accounts overseas.

On August 18, the court had asked Karti to appear before the investigating officer at the CBI headquarters here for questioning in the case.

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