INX media case: Delhi HC reprieve for Chidambaram

INX media case: Delhi HC reprieve for Chidambaram

Agency News

Delhi High Court on Tuesday extended till August 1 interim protection from arrest of former Union Minister P Chidambaram in the INX Media case, in which irregularities had been alleged in foreign investment clearances.

The senior Congress leader's role had come under the scanner of investigating agencies in the Aircel-Maxis deal of Rs 3,500 crore and INX Media case involving Rs 305 crore.

It was alleged that during Chidamabaram's tenure as Finance Minister in the United Progressive Alliance regime Foreign Investment Promotion Board clearance was granted to the two ventures in which irregularities have been found.

Central Bureau of Investigation had registered an First Information Report last year in the month of May in INX Media case. It had alleged irregularities in the FIPB clearance to INX Media to receive overseas funds to the tune of Rs 305 crore in 2007 when Chidambaram was the Finance Minister.

A Delhi court had on March 23 this year granted bail to his son Karti Chidambaram who was also arrested in the matter on February 28 for allegedly receiving funds to the tune of Rs 10 lakh in the case.

Chidambaram had on May 30 moved the trial court for protection from arrest in the Aircel Maxis case of the Enforcement Directorate before approaching the Delhi High Court in connection with the INX Media case.

CBI had opposed the anticipatory bail application of Chidambaram by submitting that he should have first approached the trial court for relief instead of the Delhi High Court.

The HC had directed Chidambaram to join the probe and cooperate with the agency as and when called by the Investigating Officer of CBI.

Counsel for Chidambaram had submitted before Delhi High Court that the former Minister was being harassed in the case in which he was not named.

Justice A K Pathak today, after hearing arguments on behalf of CBI and defence counsel, passed an order to extend till August 1 interim protection from arrest to Chidambaram. UNI