SC issues notice to ED on bail plea of P Chidambaram in INX Media case

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NEW DELHI: The Supreme Court on Wednesday sought a response from the Enforcement Directorate (ED) on a plea filed by senior Congress leader P Chidambaram seeking bail in the INX Media money-laundering case.


A three-judge bench headed by Justice R Banumathi issued a notice to ED on Chidambaram's appeal challenging the Delhi High Court's November 16 verdict dismissing his bail plea in the case.

Chidambaram sought bail in a case pertaining to the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 by Chidambaram when he was the Finance Minister.

Senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for Chidambaram, told the top court he should be granted bail as he was in custody for over three months.

Denying bail to Chidambaram in the case, the High Court had stated that prima facie allegations against him are "serious in nature" and he played an "active and key role" in the offence.

Solicitor General Tushar Mehta, appearing for ED, told the bench he would file a response by November 25.

The bench of Justices R Banumathi, A S Bopanna and Hrishikesh Roy posted the matter for hearing on November 26.

Chidambaram was first arrested by the CBI in a corruption case on August 21. However, he was granted bail by the Supreme Court in that case on October 22, but he could not be released from the jail since ED arrested him on October 16 in money laundering case related to the same matter.

 

With inputs from Agency

Image credit: Business Today

 

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