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INX Media Case: SC issues notice to CBI in bail plea filed by P Chidambaram

The CBI registered an FIR against Chidambaram in May 2017 for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX media for receiving overseas funds to the tune of  ₹305 crore in 2007Premium
The CBI registered an FIR against Chidambaram in May 2017 for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX media for receiving overseas funds to the tune of 305 crore in 2007

  • The Apex court division bench comprising Justices R.Banumathi and Hrishikesh Roy will hear the case next on 15 October
  • Chidambaram would be in Judicial custody till 17 October as per the order passed Thursday by the special court hearing the CBI matters

The Supreme Court on Friday issued notice to Central Bureau of Investigation on bail petition filed by P Chidambaram in the INX Media Case.

The Apex court division bench comprising Justices R.Banumathi and Hrishikesh Roy will hear the case next on 15 October.

The next week the Supreme Court is closed for Dusshera break and 14 October being a miscellaneous day the earliest possible date to hear arguments at length has been given in this case which is 15 October. Additionally, Chidambaram would be in Judicial custody till 17 October as per the order passed yesterday by the special court hearing the CBI matters.

Former union on Thursday has moved the Supreme Court, seeking bail in the INX Media corruption case after being denied the same by Delhi high court. Senior advocate Kapil Sibal, appearing for Chidambaram, mentioned the matter for early listing before the bench of justices NV Ramana, Sanjiv Khanna, and Krishna Murari. Today the case got listed before a division bench.

The Delhi High Court on 30 September had dismissed the bail plea of the veteran Congress leader in the money laundering and corruption case related to INX Media. Justice Suresh Kait had then said that Chidambaram was not a flight risk but can possibly influence witnesses.

The Central Bureau of Investigation registered an FIR in May 2017 for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX media for receiving overseas funds to the tune of 305 crore in 2007, when Chidambaram was the finance minister in the United Progressive Alliance (UPA)-1 government. Thereafter, the enforcement directorate lodged a money laundering cases against him.

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