Karti Chidambaram

INX Media case: Court allows Congress MP Karti Chidambaram to travel abroad

A Delhi court has granted permission to Congress MP Karti Chidambaram, an accused in the INX Media case, to travel to Austria and the UK between January 4 and 12, noting that he had never abused the liberty granted to him in the past. In an order passed on December 17, Special Judge Kaveri Baweja allowed Karti Chidambaram to travel to Vienna (Austria) and the UK to attend events related to his company and meet his daughter. "It is a matter of record that the applicant had sought permission of the court to travel abroad on numerous earlier occasions and the same was always granted to him even by the Supreme Court, as well as by this court and he never abused the above concession or liberty granted by the court," the judge said. The Enforcement Directorate (ED), represented by special public prosecutor NK Matta, opposed Karti Chidambaram's application, saying he might misuse the liberty. The Central Bureau of Investigation (CBI) had registered a case on May 15, 2017, alleging ...

TransUnion CIBIL CEO Rajesh Kumar quits; Bhavesh Jain elevated as successor

Credit information company TransUnion CIBIL Ltd on Thursday said Rajesh Kumar, its chief executive and managing director for the past five years, has resigned "recently". The credit information company said it has elevated Chief Revenue Officer Bhavesh Jain to the position vacated by Kumar, who resigned citing personal reasons. The timeline for Kumar's departure and Jain's transition into the new role was not specified. The announcement of the top executive's departure comes days after Congress MP Karti Chidambaram criticised TransUnion CIBIL in the Lok Sabha, and blamed the company for being non-transparent. Chidambaram had said the "Cibil score" highlighting an individual's credit history has grown to have a big influence on banks while they make lending decisions but there is a lack of transparency. "Nobody knows how Cibil as an organisation works, we do not know whether they are updating our credit history properly. there is no transparency, there is no way for us to appeal, a

Delhi HC stays Aircel-Maxis case against Chidambaram, seeks ED's reply

The Delhi High Court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate. The high court also issued notice to the Enforcement Directorate (ED) and sought its response on Chidambaram's petition challenging the trial court's order taking cognisance of the chargesheet filed by the agency against him and his son Karti in the money laundering case. "Notice issued. Till the next date of hearing, the proceedings against the petitioner shall remain stayed. List on January 22," Justice Manoj Kumar Ohri said, adding that he will pass a detailed order later. Senior advocate N Hariharan and lawyers Arshdeep Singh Khurana and Akshat Gupta, representing Chidambaram, contended that the special judge took cognisance of the chargesheet for the alleged offence of money laundering in the absence of any sanction for prosecution of the former Union minister who was a public servant when the offence w

CBI chargesheets Karti Chidambaram, others in Chinese visa corruption case

The CBI has filed a charge sheet against Congress MP Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said. The CBI has filed the charge sheet after two years of probe into its FIR registered in 2022 where it had alleged t

Chinese visa 'scam': Delhi court grants bail to Karti Chidambaram

A Delhi court on Thursday granted bail to Congress leader Karti Chidambaram in a money laundering case linked to the alleged Chinese visa scam. Special Judge for ED and CBI, Kaveri Baweja, granted the relief to the accused after he appeared before the court in pursuance to summons issued against him. The court had issued summons against the accused while taking cognisance of a charge sheet filed by the ED in the case. The judge granted the relief on a personal bond of Rs one lakh and one surety of like amount. The ED has registered the money laundering case against Karti Chidambaram in the alleged scam pertaining to the issuance of visa to 263 Chinese nationals in 2011 when his father P Chidambaram was the Union home minister.

Chinese visa scam: Court summons Karti Chidambaram after ED chargesheet

A Delhi court on Tuesday summoned Congress MP Karti Chidambaram and others in a money laundering case linked to an alleged Chinese visa scam. Special Judge M K Nagpal summoned the accused while taking cognisance of a charge sheet filed by the Enforcement Directorate (ED). The judge directed Karti Chidambaram, his former chartered accountant S Bhaskararaman and six others, including representatives of a few companies, to appear before the court on April 5. The accused also include Padam Dugar, Vikas Makharia, Mansoor Siddiqi, Dugar Housing Ltd, Advantage Strategic Consulting Pvt Ltd and Talwandi Sabo Power Ltd. The ED has registered a money laundering case against the accused in the alleged scam pertaining to issuance of visa to 263 Chinese nationals in 2011 when his father P Chidambaram was the Union home minister. The ED said the actual magnitude or volume of the processed or laundered amount of money in the case was yet to be established and the alleged payment of Rs 50 lakh br

EC Arun Goel's sudden resignation led to crisis, says Karti Chidambaram

The sudden resignation of Election Commissioner Arun Goel has led to a Constitutional crisis and yet the central government has not given any explanation on the matter, Congress leader Karti Chidambaram said on Monday. Speaking to reporters here, Karti pointed that no press conference was held and neither was any reason disclosed about the resignation of a person who held a constitutional post. "In a mature democracy, if a senior constitutional functionary resigns, there will be a press conference or there will be a statement, at the least to disclose the reason behind the resignation. His sudden resignation has led to a constitutional crisis and the government has not given any explanation on it," he remarked. It is a matter of anguish that such a development has taken place just before the announcement of the Lok Sabha polls, he said. Commenting on devolution of powers and issues such as levy of cess, he said the Centre does not respect the rights of state governments. Referring

Karti Chidambaram appears before ED third time in less than one month

Congress MP Karti Chidambaram appeared before the Enforcement Directorate here on Friday, his third deposition in less than a month, for questioning in a money laundering case linked to alleged issuance of visas to some Chinese nationals in 2011, sources said. The 52-year-old legislator from Sivaganga Lok Sabha seat in Tamil Nadu was questioned in this case on December 23 last year and January 2 and the central agency recorded his statement under the provisions of the Prevention of Money Laundering Act (PMLA). Karti went to the ED headquarters in Delhi for the third time on Friday morning. It is understood that his deposition was in connection with the Chinese visa linked PMLA case this time too. The MP had called the summons in this case a "routine affair and things that happen routinely especially when elections come near". "These are all exercises in futility. We will go through them," he had told reporters while deposing earlier this month. The money laundering case, filed un

Dead, dormant, closed: Karti Chidambaram after appearance before ED

Karti Chidambaram is alleged to have received Rs 50 lakh to illegally facilitate visas for 263 Chinese nationals to complete work on a power project in Punjab

Congress MP Karti Chidambaram appears before ED in money laundering case

Congress MP Karti Chidambaram appeared before the Enforcement Directorate here on Saturday in a money laundering case linked to the issuance of visa to some Chinese nationals in 2011, official sources said. The ED case pertains to the allegations of Rs 50 lakh being paid as kickbacks to Karti and his close associate S Bhaskararaman by a top executive of the Vedanta group company Talwandi Sabo Power Ltd. (TSPL), which was setting up a power plant in Punjab, according to the Central Bureau of Investigation (CBI) FIR. The ED case stems from the CBI complaint. The agency will record the statement of the 52-year-old MP from Sivaganga Lok Sabha seat in Tamil Nadu under the provisions of the Prevention of Money Laundering Act (PMLA). Karti earlier said that the ED probe was a "fishing and roving" enquiry and that he has earlier submitted documents to the agency. He sought more time to collect documents as he skipped appearance on December 12 and December 16.

Chinese visa case: Karti Chidambaram calls ED probe 'fishing' inquiry

Congress MP Karti Chidambaram has sought exemption from appearing before the ED on Saturday, on fresh summons issued to him in a money laundering case linked to issuance of visa to some Chinese nationals in 2011, stating that the probe was a "fishing and roving" inquiry and that he required time to collect documents. The federal agency had first asked the 52-year-old legislator from Sivaganga constituency in Tamil Nadu to depose before the investigating officer of the case on December 12 in Delhi. After the MP cited his engagement in the ongoing Parliament session, the Enforcement Directorate (ED) asked him to appear on December 16. The 2022 ED case pertains to allegations of Rs 50 lakh being paid as kickbacks to Karti and his close associate S Bhaskararaman by a top executive of Vedanta group company Talwandi Sabo Power Ltd. (TSPL), which was setting up a power plant in Punjab, according to the Central Bureau of Investigation (CBI) FIR. The money laundering case stems from the CBI

ED summons Karti Chidambaram in PMLA probe; MP calls it 'most bogus' case

Congress MP Karti Chidambaram has not deposed before the ED for questioning in a money laundering probe linked to alleged irregularities in the issuance of visas to 263 Chinese nationals in 2011 and dubbed the case "most bogus". The 52-year-old legislator from the Sivaganga Lok Sabha seat in Tamil Nadu was summoned by the central agency to appear this week at its office here and record his statement in the case being probed under the Prevention of Money Laundering Act (PMLA). The MP is understood to have informed the ED that he was occupied with the ongoing Parliament session. The 2022 ED case pertains to allegations of Rs 50 lakh being paid as kickbacks to Karti and his close associate S Bhaskararaman by a top executive of Vedanta group company Talwandi Sabo Power Ltd. (TSPL), which was setting up a power plant in Punjab, according to the Central Bureau of Investigation (CBI) FIR. The money laundering case stems from the CBI complaint. Karti told PTI that the case was "most bogus

Nothing but political harassment: Kharge slams Balaji's late-night arrest

Congress president Mallikarjun Kharge slammed the late-night arrest of Tamil Nadu Electricity Minister Senthil Balaji by the Enforcement Directorate (ED) saying that it is "nothing but political harassment and vendetta" by the central government."Congress President Shri @kharge condemns the late-night arrest of Tamil Nadu Electricity Minister Shri V. Senthil Balaji by the ED. This is nothing but political harassment and vendetta by the Modi govt. against those opposed to it. None of us in the Opposition will be intimidated by such brazen moves," Kharge said in a press statement released by the Congress.Meanwhile, Congress MP Karti Chidambaram pointed out that these raids by the central agencies are only for 'optics' and it does not help in collating 'evidence'."All these @dir_ed raids on functionaries of political parties opposed to the @BJP4India are only for optics & voyeuristic pleasure of a few, it in no way aids in collating "evidence" in the "alleged" case. Events of 2016 .

ED attaches Karti Chidambaram's properties worth Rs 11.04 cr in INX case

The Enforcement Directorate (ED) on Tuesday said it has attached properties to the tune of Rs 11.04 crore belonging to Congress MP Karti Chidambaram in the INX Media money laundering case, an official statement said here. Out of four attached properties, one is an immovable asset located in Coorg district of Karnataka, the federal agency said in a statement. The ED issued a provisional order, under the Prevention of Money Laundering Act (PMLA), for attaching the assets worth Rs 11.04 crore. Karti Chidambaram, 51, is the son of former Union minister and senior Congress leader P Chidambaram and is a sitting Congress MP from Sivaganga Lok Sabha seat in Tamil Nadu. He was arrested in the INX case by the ED as well as the Central Bureau of Investigation (CBI). The ED had filed a criminal case under the PMLA in 2017 to probe alleged irregularities in the grant of FIPB approval to INX Media group. INX Media got its FIPB (foreign investment promotion board) approvals in 2007-08 when P ..

Will look into financial disclosures of Byju's, says ICAI president

Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results

Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances

Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech

'Tharoor's appeal goes beyond Congress, party needs reformist thinking'

Voicing strong support for Shashi Tharoor in the Congress presidential poll, party MP Karti Chidambaram on Saturday said the former diplomat's pragmatic modernism coupled with his appeal beyond the party is crucial to fight against the BJP's "divisive politics". Chidambaram also asserted that business as usual will not help the Congress and there is an urgent need for reformist thinking in the party. "I support Shashi Tharoor for Congress President. His pragmatic modernism coupled with his appeal beyond the party, is crucial to fight BJP's divisive politics," the MP from Tamil Nadu's Sivaganga said. "Status quo and business as usual won't help our party. There's an urgent need for reformist thinking in our party," said Chidambaram, who was among those who signed Tharoor's nomination forms for the Congress presidential polls as proposers. Responding to a social media user who claimed that Tharoor is everything that the ruling Bharatiya Janata Party (BJP) propagates as "English-enabl

Govt asks Byju's to explain delay in filing audited financial accounts

Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the seventeen-month delay in filing audited accounts

Supreme Court set to review PMLA verdict, reconsider two provisions

The court said it would re-examine two provisions of the Prevention of Money Laundering Act (PMLA)

SC allows hearing of review plea by Karti Chidambaram against PMLA judgment

According to Chidambaram, the judgment deserves to be reviewed on grounds of grave error and being contradictory to earlier judgments and provisions of the Constitution.