• Download mobile app
22 Feb 2024, Edition - 3145, Thursday

Trending Now

  • Just wait and watch on the number of allies that are going to break off DMK: AIADMK leader EPS
  • BJP MLA Vanathi Srinivasan ‘s office gets ISO Certificate, in a first in TN
  • They said it is difficult to get me into politics, it is even more difficult to get me out : MNM Kamal Hassan
  • We shall enhance Kashmir’s beauty as a tourist destination so much that tourists will never think of Switzerland: PM Modi

Coimbatore

High Court stays lookout circular issued against Karti

Covai Post Network

Share

The Madras High Court on Thursday stayed a lookout circular (LOC) issued against Karti Chidambaram, son of former Union Finance Minister P. Chidambaram, by the Union Government in connection with Foreign Investment Promotion Board (FIPB) case.

When Karti’s petition came up for hearing, Justice M Duraisamy granted interim stay and directed the concern Ministry to file its affidavit by September 4.

Karti’s counsels Gopal Subramanian and Satish Parasaran said circular against Karti was “politically motivated”.

Additional Solicitor-General G. Rajagopalan contended that Karti had no locus standi to challenge the circular issued against him since he did not appear before the Enforcement Directorate even after summons were issued.

The notice was served to prevent Karti from fleeing India like liquor baron Vijay Mallya.

Karti’s counsels objected to the comparison.

The CBI had registered a FIR against Karti and INX Media along with eight others for alleged irregularities in granting FIPB clearance to the media house for Foreign Direct Investment (FDI) in 2007.

In May, CBI conducted raids on the residential and business premises of Karti in Chennai in connection with the case.

Recently, Karti had approached the High Court challenging the CBI summons.

Subscribe To Our Newsletter

COIMBATORE WEATHER