SC allows Karti Chidambram to travel abroad in May\, June

SC allows Karti Chidambram to travel abroad in May, June

ANI  |  General News 

The on Tuesday allowed Karti Chidambaram, son of former Union P Chidambaram, to travel to the United States, and in May and June.

Karti has been questioned on several occasions in the case in which both the (ED) and (CBI) are probing how Karti managed to obtain clearance to the tune of Rs 305 crore from the (FIPB) in 2007 when his father was the

The ED had registered a PMLA (Prevention of Money Laundering Act) case based on FIR by the CBI and alleged that irregularities took place in the FIPB clearance to for receiving overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the Union

Both the investigating agencies were also probing how Chidambaram's son Karti managed to obtain the FIPB clearance.

was arrested on February 28, 2018. He was later granted bail.

The ED probe so far showed that for the FIPB approval, directors Peter and met P Chidambaram so that there was no delay in their application.

The ED has attached properties worth Rs 54 crore belonging to and a firm in connection with the case. It has also attached properties belonging to the Mukherjea's in connection with the same case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 07 2019. 12:06 IST