The high court today granted Karti interim protection from arrest till March 20 in the money laundering case.
The Bench, which also included Justices A M Khanwilkar and D Y Chandrachud, allowed senior advocates Kapil Sibal and Abhishek Manu Singhvi to withdraw the petition, noting in its order that Karti will move the High Court in the course of the day to facilitate the hearing there on an interim bail on Friday. The Court also issued a notice to ED and Centre on Karti's plea.
He had also approached the Supreme Court alleging that the ED had no jurisdiction to conduct investigations unrelated to the allegations in the FIR lodged by CBI on 15 May, 2017.
It is a ten-year-old case and all the documents are available with them and "they need my custody to harass me", Karti said through his counsel. The investigative agency had sought to remand him to 15-day custody for further questioning, which would include confronting him with evidence.
Karti was arrested on February 28 in Chennai immediately after he returned from overseas.More news: Jared Kushner to visit Mexico, meet country's president
Extending Karti Chidambaram's custody, the court told the CBI to confront him with the Chartered Accountant at Tihar Jail.
The CBI said it has a recorded statement of Indrani Mukherjea accusing Karti Chidambaram of demanding and receiving a bribe to get the FIPB clearance.
Karti Chidambaram was arrested on February 28 from Chennai Airport and has been since in CBI custody.
Currently, ED and CBI are investigating the INX Media case.
He illegally took service charges for getting the FIPB clearance to the INX Media for receiving funds from overseas worth Rs 305 crore in 2007 when his father was the finance minister in the Congress-led UPA Government. Ltd., the company which is accused of giving 10 lakh rupees to six FIPB officials for influencing approvals related to INX media. In return for this investment, Karti is alleged to have been paid 700,000 dollars by the two former owners of the media house, Indrani and Peter Mukerjea.