Delhi HC rejects Chidambaram’s bail plea

Delhi HC rejects Chidambaram’s bail plea

Agency News

The Delhi High Court on Tuesday has rejected former Union finance minister P Chidambaram's anticipatory plea for protection from arrest in the INX Media case.

Chidambaram’s lawyers on Tuesday asked for a three-day stay and interim protection from arrest with both the CBI and the Enforcement Directorate (ED). Opposing Chidambaram’s plea, the counsel for ED said that the Congress leader was required for custodial interrogation.

Following the rejection of the anticipatory bail plea, lawyers of P. Chidambram are likely to approach the Supreme Court.

Justice Sunil Gaur, who delivered the judgment, had reserved the order on January 25.

In 2007, the Central Bureau of Investigation (CBI) had registered an FIR alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs. 305 crore in 2007 when Chidambaram was the Union finance minister.

Based on the FIR, the Enforcement Directorate (ED) had filed a Prevention of Money Laundering Act (PMLA) case against him.

The name of Chidambaram's son Karti has also been figured in the two cases. He was arrested on February 28, 2018 by the CBI and was later released on bail. The ED had attached properties belonging to him. Karti Chidambaram, elected MP from Shivaganga, Tamil Nadu, is on bail in the case.

On July 4, a Delhi court had allowed Indrani Mukerjea, the former head of the INX Media, to turn an approver in the CBI case. The agency had submitted that it has come across evidence in the form of conversations, to which only Indrani Mukerjee is privy and will help consolidate the case. The judge pardoned Indrani Mukerjea, also accused in the INX case, after she submitted that she voluntarily agreed to become the approver.