Skip to content
Search

Latest Stories

Indian court allows former minister’s son to travel to UK     

Easterneye.Biz Staff
By Easterneye.Biz StaffFeb 14, 2020
Easterneye.Biz Staff
See Full Bio

INDIA'S top court has allowed Karti Chidambaram, son of former Indian finance minister P Chidambaram, to travel to the UK and France.

The Supreme Court on Friday (14) allowed Karti who is facing criminal cases and being probed by the federal investigation agencies - Enforcement Directorate (ED) and Central Bureau of Investigation (CBI).

He is expected to visit the UK and France this month to attend a tennis tournament.

A bench headed by Chief Justice S A Bobde permitted Karti to travel abroad from February 14 to 28, subject to compliance of conditions imposed earlier.

The apex court had earlier allowed Karti permission to travel abroad after depositing Rs 100 million with the secretary general of the Supreme Court.

The top court had also asked him to file an undertaking that he would return and cooperate with the investigation.

One of the cases faced by Karti relates to the Foreign Investment Promotion Board clearance to INX Media for receiving foreign funds of Rs 3.05 billion when his father was the finance minister.

supreme courtukp chidambaramkarti chidambaram

Related News

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Business

India appoints Sanjay Malhotra as new central bank governor

EasternEye

More For You

UK Invite-only visa

The UK is reportedly considering a new investor residency visa with a minimum £5m investment requirement

iStock

UK weighs new ‘invite-only’ investor visa for wealthy foreigners after scrapping golden route

  • The UK is reportedly considering a new investor residency visa with a minimum £5m investment requirement.
  • The proposed route could focus on sectors such as AI, clean energy and advanced technology.
  • Wealthy Indians and global business families may closely watch the scheme if it moves ahead.

The UK government is reportedly exploring a new “invite-only” residency visa aimed at attracting ultra-wealthy investors, signalling a possible return of investor migration routes four years after Britain scrapped its controversial golden visa programme over money laundering concerns.

According to reports, the proposed UK investor visa scheme would allow selected high-net-worth individuals investing at least £5m into key sectors of the British economy to secure residency rights for an initial three-year period, with a possible route to permanent settlement later.

Keep ReadingShow less