Delhi High Court rejects P Chidambaram’s bail plea

The Hindu
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In a big setback for former Finance Minister P Chidambaram, Delhi High Court today rejected the anticipatory bail plea of the Congress leader in the corruption and money laundering cases related to the INX Media scandal. The court also declined interim protection from arrest to Chidambaram.

Justice Sunil Gaur of the high court said, “Both the applications are dismissed,” “Both the petitions (in CBI and ED case) are dismissed. The court had reserved its order on January 25 this year. The court hasn’t ruled on the senior Congress leader’s request to give him three days interim protection from arrest to go in appeal.

After the court pronounced the order, senior advocate Dayan Krishnan, appearing for Chidambaram, sought stay on the operation of the order for three days, to which the court said that it will consider the request and will pass order on it.

During the arguments, both the CBI and the Enforcement Directorate had opposed Chidambaram’s plea on the ground that his custodial interrogation was required as he was evasive during questioning

The senior Congress leader’s role had come under the scanner of various investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore. It was during his tenure as finance minister in the UPA-I government that clearances from the Foreign Investment Promotion Board (FIPB) were given to the two ventures.

Reportedly in the INX Media case, the CBI had registered an FIR on May 15, 2017 alleging irregularities in the FIPB clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram’s tenure as finance minister.

Thereafter, the ED in 2018 lodged the money laundering case in this regard. Chidambaram’s petition had said that though no summons had ever been served on him by the ED in this case, he had an apprehension of arrest in view of the summons issued to him by the CBI.

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