Won't close foreign accounts, let me go overseas: Karti Chidambaram

Karti Chidambaram told the top court that he wanted to visit Britain for his daughter's admission

The matter would be heard tomorrow has the Centre's counsel sought time to take the instructions.

However, Karti Chidambaram, who had sought permission to go to Britain for the admission of his daughter to Cambridge, told the court that the agency should prove that he has other accounts overseas, except from the one he has already disclosed. He said that he needed to make this trip as he had to admit his daughter for higher studies at the Cambridge University for the year 2018-19.

Karti also refuted the CBI's claim that he had 25 undisclosed bank accounts, adding that he only had one account in the UK's Metro Bank, which was opened in 2016 and has not received any remittance from anyone except him, his wife and daughter.

"Let him show the documents that I have opened bank accounts under my signature - other than the one I opened in 2016 and the one relating to my student days overseas", he said.

I am politically exposed person and the United Kingdom has strict laws governing PEPs in terms of opening bank accounts, he also submitted. "The UK has very strict laws governing PEPs in term of opening of bank accounts...", one of affidavits stated, adding that a sub-account with the same bank was opened later in November 2016.

Stressing that "tampering is the most potential apprehension that I have", Additional Solicitor General Tushar Mehta told the court that it can look into the material that the Central Bureau of Investigation (CBI) has submitted.

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Holding the CBI responsible for closure of his bank accounts, he said that these accounts have been rendered non-operational as a outcome of a unilateral decision taken by the bank on June 7, 2017 and that too without giving any reasons.

Chidambaram's son Karti Chidambaram has informed the Supreme Court said that he possesses just one bank account and an asset overseas and denied the allegations by the Central Bureau of Investigation that he holds multiple foreign bank accounts and undisclosed assets. "If the agency finds that Karti has committed other offences while being overseas, let them register separate cases and prosecute him", he said.

This is in clear contradiction to what Karti, had tol d the agency-that he had just one account.

Karti Chidambaram is facing a probe by the CBI for his alleged role in facilitating the 2007 Foreign Investment Promotion Board (FIPB) clearance for INX Media Ltd and taking favours for it when his father was the Union Finance Minister.

The CBI while defending the circular said that it has ample evidence to show the properties and accounts that Karti Chidambaram holds overseas. "The FIR in the INX Media case is a politically motivated FIR meant to embarrass and humiliate me and the members of my family", Chidambaram added.

They also said I have bank accounts overseas. The CBI responded by saying, " we have things to show- the jugglery of accounts and properties overseas.


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