INX media case: P Chidambaram unavailable as CBI team arrives at his residence

WION Web Team New Delhi, India Aug 20, 2019, 07.06 PM(IST) Edited By: Sparshita Saxena

File photo: P Chidambaram Photograph:( Reuters )

Story highlights

Chidambaram, earlier in the day, lost protection from arrest after Delhi High Court dismissed both his anticipatory bail pleas in connection with INX Media case. 

A team of Central Bureau of Investigation (CBI) officers arrived at former finance minister P Chidambaram's residence on Tuesday evening. However, he was not found at his residence when the team arrived. Chidambaram will be summoned to join the CBI probe. 

Chidambaram, earlier in the day, lost protection from arrest after Delhi High Court dismissed both his anticipatory bail pleas in connection with INX Media case. 

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The pleas were opposed by both the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). 

Senior lawyer Kapil Sibal, who is representing P Chidambaram said that they will now move the Supreme Court. 

"We will mention the matter before the Supreme Court tomorrow morning," Sibal told reporters. 

The High Court in its order said that the grant of bail in cases like instant one will send a wrong message to the society.

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"It cannot be forgotten that the petitioner was the FM at the relevant time and he had given FDI clearances to INX Media group for receiving overseas funds to the tune of Rs 305 crore. Facts of the case prima facie reveal that petitioner is the kingpin, i.e., the key conspirator in this case. Law enforcing agencies cannot be made ineffective by putting legal obstacles of offences in question," the statement read.

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.

Chidambaram's son Karti has also been named 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.

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 which only Indrani Mukerjea is privy to and will help consolidate the case.

(With inputs from ANI)