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INX Media case: HC rejects P Chidambaram's bail plea

30 Sep 2019 Evaluate

The Delhi High Court (HC) has dismissed former union minister P Chidambaram's bail plea in the INX Media case. The High Court had, on September 27 reserved its order on Chidambaram's bail petition challenging trial court's decision of denying him bail.

Chidambaram, arrested on August 21 by the Central Bureau of Investigation (CBI) from his Jor Bagh residence, is in Tihar Jail under judicial custody till October 3.

The CBI had registered an FIR on May 15, 2017, alleging irregularities in the FIPB clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister. Thereafter, the Enforcement Directorate (ED) had lodged a money laundering case in this regard in 2017.

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