Chidambaram was the finance minister in the United Progressive Alliance government’s first term when INX Media’s FIPB proposal was cleared
The Delhi High Court (HC) on Tuesday denied anticipatory bail and protection from immediate arrest to former finance minister P Chidambaram in a case related to alleged discrepancies in granting Foreign Investment Promotion Board (FIPB) clearances to the INX Media group.
Late in the evening, officials of the Central Bureau of Investigation (CBI) raided Chidambaram’s residence in Jor Bagh here, but the Congress leader was not present. Enforcement Directorate (ED) officials, too, came searching for him.
After the high court denied relief to Chidambaram, he met Congress leaders and senior advocates Kapil Sibal, Abhishek Manu Singhvi and Salman Khurshid in the Supreme Court to deliberate on the further course of action. Based on the directions of a Supreme Court official, the former finance minister is likely to seek an urgent hearing from the Supreme Court in the matter on Wednesday. Following the development, Chidambaram stayed away from the media, even as the Congress called the probe agencies’ action against him a “political vendetta”.
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