Senior Congress chief and former union minister P Chidambaram and his son Karti Chidambaram failed to look earlier than a Delhi court docket on Wednesday in reference to the INX media cash laundering case being probed by the Enforcement Directorate (ED).
The father and son duo sought exemption from look citing their star campaigner standing within the Tamil Nadu Assembly elections.
Special Judge MK Nagpal initially steered that the Chidambarams seem by video conferencing, however later accepted their exemption purposes.
Meanwhile, co-accused Peter Mukerjea, who’s out on bail within the CBI case, has moved bail within the ED case by his lawyer Sandeep Kapur. His bail software will likely be heard on April 16. On the identical day the court docket will hear the scrutiny of paperwork after it equipped copies of the chargesheet to the accused right now.
The court docket has taken cognizance of the chargesheet filed in opposition to P Chidambaram, his son Karti and eight others within the INX media case.
In May 2017, the CBI had registered an FIR alleging irregularities within the FIPB clearance granted to the INX Media group for receiving abroad funds of Rs 305 crore in 2007, when Chidambaram was Finance Minister. The ED later lodged a cash laundering case within the matter.
On the final date of listening to, the ED had advised the court docket that within the criticism, “a total of Rs 65.88 crores has been detected till date, is the amount of properties involved in money laundering as a result of criminal activities relating to the Scheduled offences of the above case registered by CBI and the money was laundered by the accused persons in the form of various movable and immovable assets in India and some foreign countries.”
Further, out of this quantity of Rs.65.88 Crores, properties price Rs.53.93 Crores have already been connected by the DoE, the court docket was advised.
The court docket was advised that the “first installment of illegal gratification of Rs.3,08,62,044 was paid by INX Media to ASCPL and two other shell companies beneficially owned or controlled by the accused Karti, namely M/s Kriya FMCG Distributors Pvt.Ltd M/s MCBN Placement and Management Centre, and this amount was paid during the year 2007-08 through the companies named Span Fibre and M/s Satyam Fibre (India) Pvt. Ltd.”
The ED advised the court docket that this quantity was paid by 12 pretend debit notes raised by ASCPL, Kriya and CBNPMC on Span Fibre and Satyam Fibre at Peter Mukerjea’s insistence and it was proven to have been paid as a fee on the market of Polyester Staple Fibre (PSF) by Span Fibre and Satyam Fibre to completely different firms names in these pretend debit notes.
The court docket was advised that the financial institution particulars of the three firms receiving funds in opposition to these debit notes/invoices confirmed that the quantity of those firms had been “substantially utilized for the benefit of Karti P. Chidambaram and other persons related to him.”