Monday, October 26, 2020

INX Media Case: Former finance minister Chidambaram sent to judicial custody till Nov 13

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Central Bureau of Investigation (CBI) special court on Wednesday sent former finance minister P. Chidambaram to judicial custody till 13 November in the INX media case.

He was produced in the court on Wednesday after the completion of 13 days of ED custody.

The agency had, however, sought an extension of ED custody for a day.

He was taken into custody by the ED following an investigation into the money laundering charges connected to the case.

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Earlier in the day, a plea for interim bail was moved in the high court by the veteran Congress leader due to health reasons. The matter would most likely be heard on Thursday.

However, his regular bail application is scheduled to be heard on 4 November.

The Supreme Court last week had set aside a Delhi high court order and granted bail to the former finance minister in the INX Media corruption case registered by the CBI.

The CBI on 15 May 2017 had registered an FIR against Chidambaram for alleged irregularities in the Foreign Investment Promotion Board clearance provided to INX Media for receiving overseas funds to the tune of 305 crore in 2007 when he was the finance minister.

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The money laundering case filed by ED dates back to 2018. Chidambaram was arrested on 21 August.

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