Karti holding 25 properties abroad in name of shell companies: CBI

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The Central Bureau of Investigation told the Supreme Court that the 25 properties abroad owned by Karti Chidambaram were being held in the name of shell companies.

Karti Chidambaram

The CBI said that the probe against Karti, son of former union minister P Chidambaram was at a crucial stage. The Bench headed by Chief Justice of India Dipak Misra directed the CBI to submit details of the probe in a sealed cover.

Kapil Sibal appearing for Karti said that he took serious objection to this. These are allegations aimed at defaming Karti's father, mother and wife, he said.

During Karti's questioning, not a single question was asked about the properties. If the government, income tax department or the CBI finds I have any undisclosed assets abroad, I am ready to sign a declaration that the government can take them over," Sibal submitted.

On September 2, the SC had asked Karti not to travel abroad till September 11 while permitting the CBI to furnish details of his interrogation in the case relating to an allegedly irregular FIPB nod for investment of Rs 305 crore in INX Media in 2007 when his father was Union finance minister.

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