Finally, Congress leader and former finance minister P Chidambaram has got bail but his Diwali will be in jail. He was arrested two months back by the CBI in INX Media corruption case
New Delhi, Oct 22: Finally, Congress leader and former finance minister P Chidambaram has got bail but his Diwali will be in jail. He was arrested two months back by the CBI in INX Media corruption case.
A bench headed by Justice R Banumathi set aside the Delhi High Court’s September 30 verdict denying him bail in the corruption case.
The bench, also comprising Justice A S Bopanna and Hrishikesh Roy, granted bail to Chidambaram on a personal bond of Rs 1 lakh with one surety of the like amount.
Congress leader P Chidambaram, arrested by the CBI, was produced before a Delhi Court earlier in the INX Media corruption case and the agency had sought his 5-day custodial interrogation to unearth the "larger conspiracy"
Solicitor General Tushar Mehta, representing CBI in the case, argued that Chidambaram entered into a criminal conspiracy with others in the scam
Chidambaram was arrested after issuance of non bailable warrant against him.
"He is not cooperating in the investigation," Mehta said, adding that he has been evasive in replies and grave offence was committed
The hearing had taken place before Special Judge Ajay Kumar Kuhar.
Mehta said it was a serious and monumental case of money laundering.
He said Chidambaram's custodial interrogation was necessary to unearth the "quid pro quo and larger conspiracy" and he is required to be confronted with documents
Mehta placed the Delhi High Court's judgement dismissing Chidambaram's anticipatory bail plea and also referred to the observations made in it.
He had said the charge sheet has not been filed in the case yet and it is at pre-charge sheet stage, therefore, "we need material which Chidambaram is holding"
"Effective investigation is possible only in custodial interrogation," he argued.
Mehta contended that serious, active and informed role of the accused is made out and money trail is made out and has to be probed
Chidambaram's custodial interrogation required to get answer of certain questions for effective probe, he said.
Soon after entering the courtroom, 73-year-old Chidambaram was seen having discussion with his party leaders and senior advocates Kapil Sibal, Abhishek Manu Singhvi and Vivek Tankha.
With Agencies, Pic Google