Photo: Mint (MINT_PRINT)
Photo: Mint (MINT_PRINT)

INX Media case: CBI opposes Chidambaram’s bail application

  • The agency submitted that the gravity of the offence committed by the senior Congress leader should not entitle him to a bail
  • The probe agency said the Congress leader should not be granted relief considering the magnitude of financial embezzlement and misuse of high public office.

NEW DELHI : The Central Bureau of Investigation on Friday moved its counter affidavit in the Delhi High Court, opposing the bail application moved by former Union minister P. Chidambaram.

The agency submitted that the gravity of the offence committed by the senior Congress leader should not entitle him to a bail. The probe agency said the Congress leader should not be granted relief considering the magnitude of financial embezzlement and misuse of high public office.

It further submitted that there was overwhelming evidence against him and no relief should be granted to him under section 439 of the Code of Criminal Procedure.

The probe agency, in its reply to the bail plea moved by the former finance minister, said granting relief to Chidambaram will set a wrong precedence in corruption matters as it was allegedly a clear case of betrayal of public trust.

A special Central Bureau of Investigation (CBI) court on Thursday extended the judicial custody of Chidambaram till 3 October in a money laundering and corruption case related to INX Media, following a request by the investigating agency.

On 12 September, he had moved Delhi High Court seeking a regular bail in the INX media corruption case. In his plea he has also challenged the CBI court order of 5 September which sent him to judicial custody. He had alleged that the order to send him to judicial custody was against the settled principles of law. The arrest itself was illegal in nature as it was done by abusing the process enumerated under the legal provisions. The court on 20 August had rejected the anticipatory bail application of Chidambaram against CBI and Enforcement Directorate (ED) in the case.

The CBI, on 15 May 2017, registered an FIR against Chidambaram for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance provided to INX Media for receiving foreign funds of 305 crore in 2007 when he was finance minister. The money laundering cases lodged by the ED in this regard date back to 2018. Chidambaram was arrested on 21 August from his Jor Bagh residence.

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