INX Media case: Karti Chidambaram sent to 5-day CBI custody

Agencies
March 1, 2018

New Delhi, Mar 1: Karti Chidambaram, arrested in the INX Media case, was today remanded to five days of CBI custody by a Delhi court.

Special Judge Sunil Rana extended Karti's custody till March 6 after the CBI contended that there were "very shocking evidences" of what he has done when he went abroad and alleging "when he went abroad, he closed bank accounts in which funds were received".

Karti was produced before the court on expiry of one-day CBI custody amidst the presence of his parents P Chidambaram and Nalini Chidambaram, both senior advocates, and were seen talking to him.

Additional Solicitor General Tushar Mehta, appearing for CBI, maintained that this was "not a case of political vendetta" and the investigation was going on in accordance with Article 21 of the Constitution.

"There are very shocking evidences of what Karti did when he went abroad," he said, adding that "when he went abroad, he closed bank accounts in which funds were received".

Even though Karti did not complain of any uneasiness during his regular medical check up yesterday, doctors at Safdarjung Hospital last night sent him to cardiac care unit and he was brought to CBI office only in the morning.

Due to his hospitalisation, the CBI's one-day custody was virtually wasted as it got Karti's custody only at 7:30 pm and he returned from the hospital this morning, he said.

Senior advocate Abhishek Mani Singhvi, who is leading a team of lawyers for Karti, contended that in connection with the May 2017 FIR, CBI has spent roughly 22 hours with Karti in August last year and no fresh summons was issued to him after August 2017 till date, which shows the agency has nothing more to ask him.

"The only way of establishing non-cooperation is to issue summons. You never tested my non-cooperation. Sudden arrest after six months. Its bizarre, I am arrested as I stepped out of plane.

"There is not an iota of evidence against Karti. He is being arrested despite complying with court orders repeatedly." he said.

Singhvi asked if Karti has done something illegal while being abroad, why didnt CBI file a contempt petition before the court which allowed him to travel abroad.

The CBI said that in May 2007, first FIPB approval was given to INX Media and in April 2008, this reference was made in the Finance Ministry.

From June 2008 onwards, the payment of the bribe money was started. The second FIPB approval was given on November 2, 2008. We are investigating whether the April 2008 reference was a "pressure technique", the CBI contended. "We have emails and invoices indicating money was given to Advantage Strategic Consultancy Private Limited (ASCPL), which is related to Karti, around the time period when INX Media received favours.

"There is substantial evidence with the agency which needs to be confronted with Karti. Three mobile phones have been recovered from him which need to be examined. 14 days is the minimum time required to keep him in custody," Mehta contended.

Karti was arrested yesterday at Chennai Airport on his return from the United Kingdom in connection with the FIR lodged on May 15 last year alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when P Chidambaram was the union finance minister.

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News Network
August 8,2020

Kozhikode, Aug 8: Minister of State (Mos) for External Affairs V Muraleedharan on Saturday reached Kozhikode where Air India Express flight (IX-1344) crash-landed yesterday. 

He is likely to meet those injured in the crash and their family members.

At least 17 people including two pilots have lost their lives in the incident. However, the four-cabin crew members are safe, said the Air India Express in a statement. 

The injured are admitted to hospitals in Malappuram and Kozhikode, as per the state government officials.

Informing about his visit to Kozhikode, Muraleedharan tweeted: "Taking off to #Calicut by @airindiain
special flight. Hope to visit the crash site at the Calicut Airport and also meet those injured in the crash and their family members."

Muraleedharan on Friday expressed grief after an Air India Express plane carrying 190 passengers including 10 infants skidded while landing at Karipur Airport in Kozhikode.

"Deeply anguished to hear about the mishap in Calicut airport involving the flight from Dubai to Calicut. Was informed that the plane overshot the runway and seemingly nosedived," the Minister tweeted.

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News Network
February 1,2020

New Delhi, Feb 1: India has uplifted 271 million people out of poverty, Finance Minister Nirmala Sitharaman said on Saturday.

In her second Budget presentation, the finance minister said the Budget for 2020-21, is woven around aspirational India, economic development and caring society.

The government aims to achieve seamless delivery of services through digital governance, she added.

"We shall strive to bring ease of living for every citizen," Sitharaman said.

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News Network
January 1,2020

New Delhi, Jan 1: In the backdrop of huge losses borne by airlines, Aviation Minister Hardeep Singh Puri has said the government is concerned that more airlines will shut down if predatory pricing continues. "Some predatory pricing is taking place" in airfares, the minister told reporters on Tuesday. Mr Puri however ruled out any plan by the government to regulate airfares. The remarks come amid high competition in the country's aviation sector, struggling against high fuel prices and other operating costs.

"The interesting thing that we have observed is that on Delhi-Mumbai route 20 years ago, the average fare was Rs 5,100. Today, the average fare is Rs 4,600. Some predatory pricing is taking place. It means people are selling tickets below their cost," he said.

"One of our concerns is that if there is predatory pricing, then the airlines will stop functioning. This is not Air India's problem only. Jet Airways got shut down. Before that, it was Kingfisher airline," he said.

IndiGo and SpiceJet - two of the country's biggest airlines - reported losses of Rs 1,062 crore and Rs 463 crore respectively in the second quarter of 2019-20. Other airlines have also reported losses in the quarter that ended on September 30, 2019.

Asked if predatory pricing is the reason for the ill health of the airlines, the minister said, "No, there are many reasons... Predatory pricing is one of the factors. But the profitability of an airline is dependent on (a) number of things."

Asked if the trend of predatory pricing has come down after regular discussion with the airlines, he said, "Yes, absolutely."

"It is (a) constant battle. An ideal situation from an airline's point of view is that they grow and they are also able to charge more fares. What fares they charge is their business. Our advice to them is to charge realistic fares," he added. "It should not be too high. And it is not in your business interests if you are imposing predatory fares."

The minister also said that the government is not planning to regulate fares. "No regulation. It has to be done within deregulation system.... If I put a cap on fare, the airline will start charging that cap only... that cap will become the normal fare... So, within a deregulated structure, we have to bring about an equilibrium," the minister said.

"Government, periodically, at my level or at secretary''s level, we sit down with the main aircraft operators and tell them it is in your interest not to allow such practices which undermine the civil aviation sector."

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