New Delhi : Former Finance Minister and Congress leader P Chidambaram has suffered a setback, with the Delhi High Court dismissing P Chidambaram’s anticipatory bail plea in the corruption and money laundering case related to the INX Media case. Not only this, the court has denied interim relief from arrest to Chidambaram to approach the Supreme Court.
Following this decision of Delhi High Court, the sword of arrest is hanging on former Finance Minister P Chidambaram and he has approached the Supreme Court to avoid arrest. Congress leader and senior advocate Kapil Sibal is appearing for him in the Supreme Court.
P Chidambaram moves Supreme Court challenging the Delhi High Court order, rejecting both his anticipatory bail pleas in connection with INX Media case. Senior lawyer Kapil Sibal, representing him has sought an urgent listing of his matter. The matter is still pending. (file pic) pic.twitter.com/lAoLvr0XTk— ANI (@ANI) August 20, 2019
The CBI had lodged an FIR on 15 May 2017 alleging that there were irregularities in the FIPB clearance granted to the media group to receive foreign funds of Rs 305 crore in 2007 during Chidambaram’s tenure as finance minister. The ED had filed a money laundering case in this regard in 2018.
Delhi High Court dismisses both anticipatory bail pleas of Former Union Finance Minister P Chidambaram in connection with INX Media case. pic.twitter.com/Gbt4Py4y8m— ANI (@ANI) August 20, 2019
Justice Sunil Gaur reserved his decision in the case on 25 January. During the cross-examination, both the CBI and the Enforcement Directorate opposed Chidambaram’s plea on the ground that he was required to be questioned in custody as he was avoiding questions. Both investigative agencies had argued that during Chidambaram’s tenure as finance minister, the media group was granted FIPB clearance in 2007 to receive Rs 305 crore from abroad.
The Enforcement Directorate argued that the companies to which the funds were transferred are all directly or indirectly controlled by Chidambaram’s son Karti and they have a reason to believe that INX Media received the Foreign Investment Promotion Board (FIPB) approval from their son. Provided on the intervention of. The High Court granted Chidambaram interim protection from arrest in both the cases on 25 July 2018 which was extended from time to time.