Karti Chidambaram denies CBI's charges of having multiple overseas bank accounts

Karti Chidambaram, son of former union minister P Chidambaram, on Monday denied CBI’s charges of having “25 overseas bank accounts” and “assets abroad” before Supreme Court.

He told the Apex court that he owns only one assent abroad and it was acquired with the help of nationalised bank under RBI’s liberalised remittance scheme (LRS).

Karti said that he owned his assets legally and maintained in his books of account.

He also sought court’s permission to travel to UK to get her daughter admitted at the Cambridge University and was willing to undertake that he would not visit any bank there. 

The apex court was hearing CBI's appeal challenging a Madras High Court order staying the Centre's look out circular (LOCs) against Karti and others in an alleged graft case over irregularities in Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007.

Also Read: Enforcement Directorate attaches Karti Chidambaram’s assets worth Rs 1.16 crore

Chidambaram and his son Karti, facing the criminal probe, have filed separate affidavits in the apex court alleging vendetta. (With PTI Inputs)

Also Read | NX Media case: Karti Chidambaram went abroad to close foreign bank accounts, CBI tells SC