{"id":51910,"date":"2018-03-14T18:20:29","date_gmt":"2018-03-14T12:50:29","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=51910"},"modified":"2018-03-14T18:20:29","modified_gmt":"2018-03-14T12:50:29","slug":"delhi-court-grants-bail-kartis-ca-s-bhaskararaman-inx-media-case","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/delhi-court-grants-bail-kartis-ca-s-bhaskararaman-inx-media-case","title":{"rendered":"Delhi court grants bail to Karti&#8217;s CA S Bhaskararaman in INX Media case"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"165\" data-attachment-id=\"51916\" data-permalink=\"https:\/\/www.legalindia.com\/news\/delhi-court-grants-bail-kartis-ca-s-bhaskararaman-inx-media-case\/bhaskararaman\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?fit=303%2C167&amp;ssl=1\" data-orig-size=\"303,167\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bhaskararaman\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?fit=300%2C165&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?fit=303%2C167&amp;ssl=1\" class=\"alignleft size-medium wp-image-51916\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?resize=300%2C165&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?resize=300%2C165&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?resize=150%2C83&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Bhaskararaman.jpg?w=303&amp;ssl=1 303w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>A Delhi court today granted bail to Karti Chidambaram&#8217;s chartered accountant S Bhaskararaman, arrested in the INX Media money laundering case.<\/p>\n<p>Special judge Sunil Rana granted bail to Bhaskararaman, who was arrested by the Enforcement Directorate (ED) on February 16 from a five-star hotel in the heart of the national capital.<\/p>\n<p>The court granted the relief to the CA and asked him to furnish a bail bond of Rs two lakh and a surety of like amount. It asked Bhaskararaman to cooperate in the investigation as and when required by the ED and asked him not to leave the country without its permission.<\/p>\n<p>Bhaskararaman had sought bail on the ground that he was not required for custodial interrogation and no purpose would be served by keeping him in custody. The CA was sent to jail on February 26 after his custodial interrogation by the ED.<\/p>\n<p>Karti&#8217;s name had cropped up in the case relating to the Foreign Investment Promotion Board&#8217;s (FIPB) approval granted in 2007 for receipt of funds by INX Media when his father and Congress leader P Chidambaram was the finance minister during the previous UPA regime.<\/p>\n<p>The ED&#8217;s special public prosecutor Nitesh Rana had earlier told the court that during the course of investigation, it was revealed that Bhaskararaman had been assisting Karti to manage his &#8220;ill-gotten wealth&#8221; in India and abroad.<\/p>\n<p>He had alleged that INX Media had deliberately and in violation of the conditions of approval made a downstream investment of 26 per cent in the capital of INX News Pvt Ltd without the specific approval of FIPB, which included indirect foreign investment by some foreign investors, and generated Rs 305 crore foreign direct investment in INX Media Pvt Ltd against the approved foreign inflow of Rs 4.62 crore.<\/p>\n<p>To wriggle out of the situation without any punitive action, INX Media entered into a criminal conspiracy with Karti, the ED had alleged.<\/p>\n<p>The FIPB unit of the Finance Ministry had not only granted illegal approval but also misinformed the investigation wing of the Income Tax Department, it had alleged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Delhi court today granted bail to Karti Chidambaram&#8217;s chartered accountant S Bhaskararaman, arrested in the INX Media money laundering case. Special judge Sunil Rana granted bail to Bhaskararaman, who was arrested by the Enforcement Directorate (ED) on February 16 from a five-star hotel in the heart of the national capital. The court granted the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[2671,3348,2514,31987,41865,40214,41979,41927],"class_list":["post-51910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-delhi-court","tag-ed","tag-enforcement-directorate","tag-featured","tag-inx-media-case","tag-karti-chidambaram","tag-kartis-ca-s-bhaskararaman","tag-special-judge-sunil-rana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Delhi court grants bail to Karti&#039;s CA S Bhaskararaman in INX Media case - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"A Delhi court today granted bail to Karti Chidambaram&#039;s chartered accountant S Bhaskararaman, arrested in the INX Media money laundering case. 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Special judge N K Malhotra sent the chartered accountant (CA) to Tihar Jail after he was produced from the custody of the Enforcement Directorate (ED), whose special\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/02\/karti-300x165.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":51842,"url":"https:\/\/www.legalindia.com\/news\/cbi-moves-court-narco-analysis-test-karti-chidambaram","url_meta":{"origin":51910,"position":1},"title":"CBI moves court for narco analysis test of Karti Chidambaram","author":"Legal India Admin","date":"March 8, 2018","format":false,"excerpt":"The CBI today moved a special court seeking permission to conduct narco analysis test on Karti Chidambaram, arrested in the INX media case. Special judge Sunil Rana said that he will take the matter on March 9 when Karti is brought to the court after three days of custodial interrogation\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Karti-Chidambaram.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":52067,"url":"https:\/\/www.legalindia.com\/news\/karti-chidambaram-shall-not-arrested-till-april-16-aircel-maxis-cases-delhi-high-court","url_meta":{"origin":51910,"position":2},"title":"Karti Chidambaram shall not be arrested till April 16 in Aircel-Maxis cases: Delhi High Court","author":"Legal India Admin","date":"March 26, 2018","format":false,"excerpt":"A day after securing bail from the Delhi High Court in INX Media case, Karti Chidambaram today got another relief from a city court which granted him protection from arrest till April 16 in Aircel-Maxis matter arising out of the 2G spectrum cases lodged by the CBI and Enforcement Directorate\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/Karti-Chidambaram-1-300x168.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":52274,"url":"https:\/\/www.legalindia.com\/news\/hc-notice-karti-chidambarams-ca-ed-plea","url_meta":{"origin":51910,"position":3},"title":"HC notice to Karti Chidambaram&#8217;s CA on ED plea","author":"Legal India Admin","date":"April 10, 2018","format":false,"excerpt":"The Delhi High Court on Tuesday issued notice to the Chartered Accountant of Congress leader P. Chidambaram's son Karti Chidambaram on an Enforcement Directorate plea seeking cancellation of his bail in the INX media money laundering case. The court has listed the matter for hearing on August 16. The Enforcement\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/04\/HMM.jpg?fit=960%2C540&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/04\/HMM.jpg?fit=960%2C540&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/04\/HMM.jpg?fit=960%2C540&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/04\/HMM.jpg?fit=960%2C540&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":54533,"url":"https:\/\/www.legalindia.com\/news\/ed-files-additional-charge-sheet-against-p-chidambaram-in-aircel-maxis-case","url_meta":{"origin":51910,"position":4},"title":"ED files additional charge sheet against P. Chidambaram in Aircel-Maxis case","author":"Legal India Admin","date":"October 25, 2018","format":false,"excerpt":"NEW DELHI:\u00a0Fomenting trouble for senior Congress leader P Chidambaram,\u00a0has been named as an accused in a supplementary chargesheet filed by Enforcement Directorate\u00a0in the Aircel-Maxis money laundering case. The agency has named nine accused in the case including Chidambaram, S Bhaskaraman and four Maxis companies\u00a0under the Prevention of Money Laundering Act.\u00a0Earlier\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/10\/13chidu01.jpg?fit=670%2C471&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/10\/13chidu01.jpg?fit=670%2C471&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/10\/13chidu01.jpg?fit=670%2C471&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":51950,"url":"https:\/\/www.legalindia.com\/news\/kartis-bail-plea-order-reserved-delhi-hc-inx-media-case","url_meta":{"origin":51910,"position":5},"title":"Karti&#8217;s bail plea order reserved by Delhi HC in INX Media case","author":"Legal India Admin","date":"March 16, 2018","format":false,"excerpt":"The Delhi High Court today reserved its order on the bail plea of Karti Chidambaram, son of senior Congress leader P Chidamabaram, in the INX Media corruption case lodged by the CBI. Justice S P Garg heard the CBI and Karti's lawyer and reserved his decision. 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