Anticipatory bail plea of Karti in money-laundering case adjourned till June 8

Delhi High Court adjourned the hearing on the anticipatory bail of Karti Chidambaram on the joint request of the Enforcement Directorate ED and Karti till June 8The matter was listed before the vacation bench of Justice Poonam Bamba Senior Advocate Kapil Sibal and Additional Solicitor General ADG SV Raju appeared for Karti and ED respectively It was informed by the Court Master that the bench will assemble after lunch ASG was not available postsession due to some other case Then the counsels jointly requested to have the matter listed on Wednesday morningCongress MP Karti Chidambaram has moved a petition seeking anticipatory bail in the money laundering case connected with the alleged Chinese visa scam He has challenged the trial court order denying him anticipatory bail in the matter The court had also dismissed the plea for seeking interim protection to approach the High court for anticipatory bail The plea moved by the Congress leader has been listed for Monday for hearing before Justice Poonam A Bamba CBI judge M K Nagpal of the Rouse Avenue Court on Friday had dismissed all three applications moved by Karti Chidambaram S Bhaskararaman and Vikas Makharia The Court had dismissed the bail plea in view of the past involvement of Karti Chidambaram and S Bhaskararaman in INX Media and Aircel Maxis cases The court also agreed to the argument of Additional Solicitor General ASG that investigation is at the nascent stage and the quantum of the alleged laundered amount may be more than 50 lakhAlso Read Congress MP Karti Chidambaram moves Delhi HC seeking anticipatory bail in moneylaundering caseThe Special Judge had observed in the order This court is of the considered opinion that even while keeping aside the issue of applicability of bar and twin condition of Section 45 of PMLA the nature and gravity of the alleged offences the nascent stage of investigation and also previous criminal antecedents of accused Kati Chidambaram and S Bhaskar Raman do not make it out a case for grant of anticipatory bail to applicants or any further protection for them to join the investigation of this case as it will seriously hamper the process and investigation Senior Advocate Kapil Sibal had argued there is no material against the accused No money laundering case is made out against Karti Chidambaram Still they registered the ECIR The accused has joined the investigation and cooperating in the sameSenior Advocate Sibal had also argued that the alleged transaction is of 2011 and they registered the case after a lapse of a long time They had all the emails but did not investigate all these years There is an apprehension of arrest On the other hand the value of the alleged transaction is Rs 50 lakh it is less than one crore and in view of this fact he should be granted bail On the other hand ASG S V Raju submitted that the bail application is premature as there is no material we have in this case We will investigate the case Still they have apprehension of arrest why do they have so Tridip Pais appeared for S Bhaskar Raman and argued that his client is in CBI custody since 17 May No case is made out to arrest him in money laundering case as there is no material as ED had submitted Senior Advocate Mohit Marhur argued on the bail plea of Vikas MakhariaHe submitted that no case is made out against him He should be granted anticipatory bail in money laundering case The Enforcement Directorate ED has filed a money laundering case in alleged Chinese visa scam involving Congress MP Karti Chidambaram officials said on Wednesday The ED has filed a case under the criminal sections of the Prevention of Money Laundering Act taking cognisance of a recent First Information Report registered by the Central Bureau of Investigation in the case said the officials It is alleged that Karti received illegal gratification of Rs 50 lakh to illegally facilitate visas for 263 Chinese nationals to complete a power project in Punjab Karti misused his influence in the Home Ministry in 2011 and conspired with coaccused to devise a backdoor way to defeat the purpose of the ceiling on work permits imposed by the Ministry CBI has allegedKartis father and senior Congress leader P Chidambaram was Home Minister in 2011 P Chidambaram has not been named as an accused in the FIR Besides Karti four others have been booked by the CBI The four coaccused are Kartis chartered accountant S Bhaskararaman Vikas Makharia representative of TalwandiThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever