INX media case: No relief for Chidambaram as Supreme Court rejects bail plea
After the Delhi High Court rejected Chidambaram's anticipatory bail plea on August 20, Chidambaram was arrested and sent to the CBI's custody
The Supreme Court on Thursday turned down former Finance Minister P Chidambaram's bail plea stating that granting bail would affect the probe in the INX media case.
The Supreme Court on Tuesday ordered maintenance of status quo in the INX Media case and directed that the CBI custody of arrested Congress leader and former Union finance minister P Chidambaram be extended till September 5.
During proceedings, the counsel appearing for the investigating agency submitted before a bench of Justices R Banumathi and A S Bopanna that they do not want his custody, indicating that he should be sent to Tihar jail.
Supreme Court says, “Granting anticipatory bail at the initial stage may frustrate the investigation....It’s not a fit case to grant anticipatory bail. Economic offences stand at different footing and it has to be dealt with different approach." https://t.co/L3j8ET8a6i— ANI (@ANI) September 5, 2019
The bench was hearing the petition filed by the Congress leader challenging his CBI custody.
Chidambaram`s lawyers - Kapil Sibal and Abhishek Manu Singhvi - told the court that they will not press the petition for interim bail in the trial court until the apex court passes the order on September 5.
Supreme Court says P Chidambaram can move regular bail application before the trial court, for regular bail. https://t.co/3TaMYpzfxj— ANI (@ANI) September 5, 2019
After the Delhi High Court rejected Chidambaram's anticipatory bail plea on August 20, he was arrested and sent to the CBI's custody.
He has already been subjected to custodial interrogation by the agency for 12 days since then.
After Supreme Court dismissed the anticipatory bail plea of Congress leader P. Chidambaram being probed by ED in INX media case, he withdraws his appeal from the Court challenging trial court’s order of sending him to CBI custody. (File Pic) pic.twitter.com/CEicgAXdC6— ANI (@ANI) September 5, 2019
Chidambaram is facing probe in cases registered by the CBI and the Enforcement Directorate (ED) on alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.
The ED is also seeking his custodial interrogation related to money laundering allegations. The Supreme Court, however, has granted him interim protection from arrest by the ED till September 5.
(With inputs from ANI)