Justice SP Garg reserved order on the bail plea after hearing arguments from prosecution as well as defence counsel. Sibal is representing Karti in the matter.
Additional solicitor general Tushar Mehta, appearing for CBI, produced the "case dairy" record in INX Media case in a sealed envelope to show the court that the investigating agency had unearthed certain "strong incriminating material" against Karti Chidambaram and his release at this stage would risk compromising evidence in the case. Granting him the relief, the court said it was yet to decide the constitutional validity of Section 19 of PMLA which deals with the ED's power to arrest.
New Delhi, Mar 16 The CBI today opposed in the Delhi High Court the bail plea of Karti Chidambaram in the INX Media corruption case, contending that he has already destroyed evidence being an "influential" person.
Karti is presently lodged in Tihar jail in connection with CBI's INX media corruption case relating to irregularities in the FIPB clearance given to the firm. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text.
Countering his claim, the Central Bureau of Investigation contended that he did not co-operate and has tried to influence witnesses in the case. "Registry is directed to intimate the registry of the High Court of Delhi to call for the papers of the above mentioned case (s).", it said.
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Karti who was arrested by the CBI had moved the Delhi High Court and also the Supreme Court.
He is in judicial custody till March 24.
Karti was last week remanded in judicial custody by a special CBI court.
Karti Chidambaram is accused of having received Rs10 lakh in 2007 to clear foreign investment of Rs305 crore for INX Media, which was owned by Peter and Indrani Mukerjea, at a time when P. Chidambaram was finance minister under the first United Progressive Alliance (UPA) government.
The Mukherjeas are in jail in a murder case.