File Photo of P Chidambaram. Photograph:( PTI )
Chidambaram was arrested by CBI from his Jor Bagh residence in New Delhi, an hour after he made a dramatic appearance at the Congress headquarters.
The former finance minister of the country P Chidambaram will be presented in CBI court today. Chidambaram was arrested in the INX Media case on Wednesday night after he failed to get relief from the Supreme Court over CBI and ED's pursuit of him as the matter was not heard by the court despite repeated efforts of his lawyers.
Chidambaram's arrest became an intense political drama as CBI officials had to climb the wall of his residence to get inside his home.
The chief of CBI was part of the team that finally took the former finance minister into custody.
Earlier Chidambaram who was nowhere to be found for over 27 hours surfaced at the congress party headquarters to address the media
The former finance minister made an impassioned case about his whereabouts since Tuesday evening stating that he was not running from the law, in fact, he was seeking protection from the law
Chidambaram also spoke about the INX media case in claiming that the CBI has not charged him corruption.
In the INX media case, Chidambaram is an accused of FIPB (foreign investment promotion board) violation. INX media went on to receive foreign funds to the tune of Rs 305 crore from three Mauritius based firms- a violation of the FIPB order. It also invested money inINX media, another violation of the order.
CBI says that Karthi Chidambaram, son of P Chidambaram also benefitted from the deal and kickbacks were transferred to his account to settle foreign direct investment issues.
This was confirmed by none other than Indrani Mukherjee who turned approver in the case. Indrani Mukherjee in her testimony confirmed that she was asked to meet Karthi Chidambaram to settle INX media FDI deal instead of helping out Karthi Chidambaram.
She said that they met in a hotel in 2008 where Karthi Chidambaram asked her to transfer 1 million dollars in an overseas account.
Indrani's then-husband Peter Mukherjee objected to overseas transfer Karthi, in turn, suggested the names of two firms, chess management and advantage strategic for transfer of kickback.
Chidambaram's day of big setbacks began with India's top court has refused to listen to his plea.
Chidambaram's lawyers wanted an urgent hearing of the case. But the listing can only be done by the Chief Justice, Who did not acknowledge the presence of his high profile lawyers and left the court after the hearing of the Ram mandir case.
The case will now be heard on Friday.