SC dismisses Karti's plea of withdrawal of security deposit

The Supreme Court stated that it intends to increase the security deposit to visit abroad to 20 crores instead of 10 crores, as newly elected MP from Tamil Nadu, Karti Chidambaram is frequently going abroad. The apex court had allowed Karti Chidambaram, in January, to travel abroad after depositing 10 crores with the secretary general of the SC. The counsel argued today that the money should be returned to him as he returned after his trip.

New Delhi:The Supreme Court on Wednesday dismissed the plea filed by newly elected MP from Tamil Nadu, Karti Chidambaram seeking to withdraw 10 crores deposited as security to visit abroad.

The court also said that they intend to increase the amount to 20 crores instead of 10 crores as he is frequently going abroad.

The vacation bench comprising CJI Ranjan Gogoi and Justice Aniruddha Bose also said that he should pay attention his constituency, Sivaganga in Tamil Nadu.

The CBI and ED are probing allegations of irregularities in granting Foreign Investment Promotion Board (FIPB) when P Chidambaram was the finance minister under UPA rule.

In May, the SC bench headed by CJI Ranjan Gogoi had allowed Karti to travel to UK, Germany, France, US and Spain in May and June.

The apex court had allowed Karti Chidambaram, in January, to travel abroad after depositing 10 crores with the secretary general of the SC.

The counsel argued today that the money should be returned to him as he returned after his trip.

Karti Chidambaram has been granted interim protection from arrest till May 30th.

He won the recently concluded Lok Sabha elections from Sivaganga constituency by a margin of more than 3 lakhs.