13 C
New Delhi
November 28, 2020
KhabriBaba
India

SC reserves verdict on Chidambaram’s bail plea

Reading Time: 2 minutes

The Supreme Court on Friday reserved verdict on former finance minister P Chidambaram’s plea against Delhi high court order denying him bail in the INX Media corruption case.

The Central Bureau of Investigation on Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been chargesheeted in the case.

A bench headed by Justice R Banumathi was informed by Solicitor General Tushar Mehta, appearing for the CBI and opposing Chidambaram’s bail plea, that the country needs to go for ‘zero tolerance policy’ on corruption.

 

Mehta told the court that offence of forgery has also been made out in the probe in the case against Chidambaram.

The CBI said that further probe on in the case and responses on Letters Rogatory (LRs) sent to Singapore and Mauritius are awaited.

Mehta said that ‘mere presence’ of Chidambaram was enough to intimidate witnesses and therefore he should not be given bail at least till material witnesses are examined.

“We are witnessing an era where persons accused of financial offences are fleeing the country. As a nation we are facing this problem,” Mehta told the bench.

Senior advocate Abhishek Manu Singhvi, appearing for Chidambaram, countered Mehta’s submissions and said the CBI’s apprehensions that Chidambaram may tamper with the evidence or influence the witnesses were false and baseless.

Chidambaram, 74, was arrested by the CBI on August 21 and is lodged in Tihar jail under judicial custody in the corruption case.

The CBI had registered an FIR on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (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) lodged a money-laundering case in this regard in 2017.

Via: PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

0 0 vote
Article Rating

Related posts

Will Congress see a non-Gandhi at its helm?

Ritu Nandal

SC dismisses Nirbhaya convicts’ curative pleas

Ritu Nandal

13 employees at Delhi LG office test COVID-19 positive

Ritu Nandal
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »
0
Would love your thoughts, please comment.x
()
x