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INX Media Case: Karti Chidambaram’s CA to stay in jail till March 7

Karti Chidambaram’s Chartered Accountant (CA) will stay in jail till March 7, a Delhi court ruled on Thursday. The Patiala…

INX Media Case: Karti Chidambaram’s CA to stay in jail till March 7

Karti Chidambaram (Photo: IANS/File)

Karti Chidambaram’s Chartered Accountant (CA) will stay in jail till March 7, a Delhi court ruled on Thursday.

The Patiala House Court reserved its order on the bail plea filed by S Bhaskararaman– arrested on February 16 in connection with the INX Media money laundering case. He will stay in jail till March 7.

Bhaskararaman, arrested from a five-star hotel in Delhi, had moved a plea seeking bail before the court on Wednesday.

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The bail application was filed before Special Judge Sunil Rana, seeking bail on the ground that Bhaskararaman was not required for custodial interrogation and no purpose would be served by keeping him in custody.

The CA was sent to jail on February 26 on expiry of his custodial interrogation by the Enforcement Directorate (ED).

Karti’s name had cropped up in the case relating to Foreign Investment Promotion Board (FIPB) approval granted in 2007 for receipt of funds by INX Media when his father and senior Congress leader P Chidambaram was the union finance minister during the previous UPA regime.

The ED had earlier claimed that during the course of investigation, it was revealed that Bhaskararaman had been assisting Karti to manage his “ill-gotten wealth” in India and abroad.

(With agency inputs)

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