Major setback for Chidambaram,Apex Court rejects his bail plea.

By: – Syed Ali Taher Abedi

Senior Congress leader and former Finance Minister Chidambaram’s fate has  been decided today by the Supreme Court as it has delivered its verdict regarding his plea where he has challenged the Delhi High Court’s decision to deny him an anticipatory bail.

”This is not a fit case for grant of anticipatory bail. Investigating agency has to be given more freedom to probe. Grant of anticipatory bail at this stage will hamper the investigation. Accused may move regular bail before the appropriate court”, Apex court said.

This rejection paves way for the ED to arrest Chidambaram.

The Enforcement Directorate has accused Chidambaram of money-Laundering in the case involving INX Media, which is being investigated by CBI.

The CBI has accused Chidambaram of misusing his position as Finance Minister of the Country in 2007 while facilitating a huge infusion of foreign funds in INX Media at the instance of his son Karti Chidambaram.

The corruption allegation against Chidambaram and Kartik are based on the information from INX Media Co-Founder Peter Mukherjee and Indrani Mukherjee, both of them are presently in jail in connection with the murder of Sheena Bora, Indrani’s daughter.

Another bail petition pertaining challenging a non-bail able warrant against him and his request for pre-arrest bail in the Aircel-Maxis case will also come up during the day.

The Apex court also rejected Chidambaram’s application for a direction to ED to produce transcript of his questioning by the agency ohn three dates.