Black Money : Karthi Gets Anticipatory Bail

Black Money : Karthi Gets Anticipatory Bail

In a late night hearing, the Madras High Court granted anticipatory bail to Karthi Chidambaram, son of former Union Minister P Chidambaram in connection with the warrant issued against him by the Income tax department under the Black Money Act for allegedly not disclosing foreign assets. The court on Saturday also directed the I-T department to keep in abeyance the warrant issued against him until he returned from his trip abroad.

Karthi Chidambaram gave a written undertaking to appear before the concerned IT official on June 28. Apprehending arrest following issuance of warrant, Karthi Chidambaram's counsels, A R L Sundaresh and Satish Parasaran, knocked on the doors of the official residence of Chief Justice Indira Banerjee late last night.

However, they were instructed to approach the concerned portfolio judge with the anticipatory bail petition.

On being informed that a bail application has been filed before Justice A D Jagadeesh Chandra, the IT department's counsel AP Srinivas appeared at the judge's residence along with an IT official.

During the midnight hearing at the judge's residence, the I-T department said three summons had already been issued to Karthi Chidambaram directing him to personally appear before it to record his statement in connection with the probe into alleged non-disclosure of assets abroad.

Since he did not do so, a warrant was issued by the department under Section 8(1) of the Black Money Act, the council said. The warrant was served by the city police to secure his presence and to appear before the concerned IT official.

Hence, Karthi Chidambaram moved the High Court at around midnight seeking anticipatory bail.