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Above: Karti Chidambaram(file picture)/Photo: UNI

In the Karti Chidambaram case which has come up before the Supreme Court bench of Justices Arun Mishra and Amitava Roy, senior counsel Anand Grover said on Tuesday (January 30) that they have filed a rather large number of documents which need to be sorted and time was needed for drafting.

The court allowed time till March 8.

The Enforcement Directorate had written to the CBI asking it to look into the share transactions of a company Karti had links with. The transaction of shares is allegedly dubious and possibly motivated to get certain Foreign Investment Promotion Board (FIPB) approvals by the misuse of official position (of his father P Chidambaram).

Advantage Strategic Consulting Pvt Ltd sold its more than 29,000 shares in Vasan Health Care Pvt Ltd to a Mauritius subsidiary in return for 22 crore, 50 lakh and 502 rupees (Rs 22,50,00,502) in 2010.

Apart from seeking a CBI probe, the agency has also provided a list of proofs including Karti’s emails to the officials of the company Advantage Strategic.

—India Legal Bureau

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