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KARTI-CHRONOLOGY

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Press Trust of India New Delhi

Following is the chronology of events of the INX Media corruption case in which Congress leader and former Union Finance Minister P Chidambaram's son Karti Chidambaram was today granted bail by the Delhi High Court

*May 15, 2017: CBI files FIR alleging irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when Karti's father was the Union Finance minister.

*Jun 16: The Foreigner Regional Registration Officer (FRRO) and the Bureau of Immigration, under the Union Home Ministry, issues look out circular (LOC) against Karti.

*Aug 10: Madras HC stays the LOCs issued against Karti and four others.

 

*Aug 14: SC stays Madras HC order staying Centre's LOC issued against Karti.

*Aug 18: SC asks Karti to appear before the CBI on August 23.

*Sep 22: CBI tells SC that Karti was prevented from travelling abroad as he was allegedly closing several of his foreign bank accounts.

*Dec 8: Karti moves SC challenging summons issued by the CBI in the Aircel-Maxis deal case.

*Jan 31, 2018: SC remands back to Madras HC the pleas relating to issuance of LOCs against Karti and others.

*Feb 16: Karti's CA S Bhaskararaman arrested for allegedly assisting him to manage his "ill-gotten wealth" in India and abroad.

*Feb 28: Karti is arrested by the CBI at the Chennai airport and brought to Delhi. Delhi court sends him to one-day police custody.

*Mar 1: Karti sent to five-day CBI custody.

*Mar 5: Karti challenges in the SC the summons issued to him by the Enforcement Directorate in the money laundering case.

*Mar 6: Special court remands him to three-day CBI custody. His plea for bail in CBI case adjourned to March 9.

*Mar 9: Special court sends him to three more days of police custody in the CBI case.

*Mar 12: Special court sends Karti to 12-day judicial custody till March 24. Declines his plea for early hearing of his bail plea. Subsequently, on the same day he moves Delhi HC seeking bail in the corruption case.

*Mar 13: Delhi HC seeks the CBI's response on his bail plea. Karti's CA S Bhaskararaman granted bail in the corruption case by special court.

*Mar 16: Delhi HC reserves order on Karti's bail plea in INX Media corruption case.

*Mar 23: Delhi HC grants bail to Karti in the INX Media corruption case.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Mar 23 2018 | 6:35 PM IST

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