Chidambaram Sent to 4-Day CBI Custody in INX Media Case

New Delhi: Congress leader P Chidambaram was on Thursday sent to four-day CBI custody by a Delhi court which said his custodial interrogation was justified in the INX Media corruption case.

The court said Chidambaram will be in the CBI custody till August 26, during which the agency will get him medically examined regularly as per the rules, and allowed his family members and lawyers to meet him for half an hour every day.

"Considering the facts and circumstances, I am of the view that police custody is justified," Special Judge Ajay Kumar Kuhar said and remanded him to the CBI custody till August 26.

After the pronouncement of the order, 73-year-old Chidambaram was immediately taken out of the court room by the CBI team.

The court heard the arguments of the CBI and his counsel for over one and a half hours during which the agency said there was a need to unearth a larger conspiracy and to go to the root of the case.

Chidamabaram's counsel opposed the CBI plea saying that all the other accused, including his son Karti, have already been granted bail in the case.

Chidambaram, who was Union home minister as also finance minister during the Congress-led United Progressive Alliance rule from 2004 to 2014, was arrested Wednesday night after he failed to get protection from the Supreme Court, which did not list for an urgent hearing his appeal against the Delhi High Court verdict dismissing his anticipatory bail plea on Tuesday.

The CBI had registered an FIR on May 15, 2017, alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister.

Thereafter, the ED lodged a money laundering case in this regard in 2018.

Chidambaram was produced in the court amidst tight security and senior advocate Kapil Sibal, appearing for him, argued that the first arrest in the case was of Bhaskar Raman, chartered accountant of Karti, who is presently out on bail.

Besides that, Peter and Indrani Mukherjea, also accused in the case, are out on default bail as they are in jail in connection with another matter, Sibal said.

He said the FIPB approval was given by senior officials, who were not arrested.

He also contended that grant of bail was a rule and the issue before the court was of personal liberty.

However, Solicitor General Tushar Mehta said CBI has to interrogate Chidambaram in custody as he was non-cooperative and evasive in replies.

Besides Sibal, senior advocate Abhishek M Singhvi, also appeared for Chidambaram, opposed CBI's plea saying that the former Union Minister was not a flight risk.

Singhvi said the entire CBI case was based on the statement of Indrani Mukherjea, who has turned approver in the case.

He said Chidambaram cannot answer what CBI wants to hear and added that the agency cannot seek remand on the ground of evasive replies.

He also argued that there was no allegation of tampering of evidence by CBI.

Singhvi further contended that police remand can only be granted in special circumstances and this was a case where there was no new development.

He said the agency was asking Chidambaram only old questions since his arrest on Wednesday night.

Mehta countered the arguments advanced on behalf of Chidambaram, saying that everybody was equal before the court.

He also opposed the plea that Chidambaram be allowed to argue for himself, saying he has able lawyers representing him.

Chidambaram was arrested after issuance of non bailable warrant against him, he said, adding that it is a serious and monumental case of money laundering.

Opposing CBI's arguments, Sibal contended that what the agency said be not taken as "gospel truth".

He said that Chidambaram was asked 12 questions and he had already answered six of them previously.