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Setback for Congress Leader P Chidambaram as Delhi HC Rejects Anticipatory Bail Plea in INX Media Case

Both the probe agencies had contended that during Chidambaram’s tenure as finance minister, FIPB clearance was granted to the media group for receiving overseas funds of Rs 305 crore in 2007. ED contended that the companies in which money was transferred are directly or indirectly controlled by Chidambaram’s son, Karti, and they have a reason to believe that the FIPB approval was granted to INX Media on his son’s intervention. The high court had on July 25, 2018 granted interim protection from arrest to Chidambaram in both the cases and it was extended from time to time. In the INX Media case, the CBI had registered an FIR on May 15, 2017 alleging irregularities in the FIPB clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram’s tenure as finance minister. Chidambaram’s petition had said that though no summons had ever been served on him by the ED in this case, he had an apprehension of arrest in view of the summons issued to him by the CBI, which was investigating the scheduled offence.

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