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The former finance minister has been urging the government to introduce a bigger stimulus package to help revive the economy. Photo: PTI.

SC to hear Chidambaram's bail plea challenging Delhi HC's order

P Chidambaram on Monday (November 18) moved the Supreme Court challenging the Delhi High Court's order dismissing his bail petition in the INX Media money laundering case.


Former Finance Minister and senior Congress leader P Chidambaram on Monday (November 18) moved the Supreme Court challenging the Delhi High Court’s order dismissing his bail petition in the INX Media money laundering case.

A bench headed by Chief Justice SA Bobde, who was administered the oath earlier in the day, was told by senior advocate Kapil Sibal that Chidambaram was in jail for around 90 days and his bail plea be heard either on Tuesday or Wednesday.

“We will see,” the bench told Sibal.

The Delhi HC had on Friday dismissed Chidambaram’s bail plea in the case filed by the Enforcement Directorate (ED), saying prima facie allegations against him are serious in nature and he played an “active and key role” in the offence.

ALSO READ: Chidambaram denied bail in ED’s INX media case by Delhi High Court

Chidambaram was first arrested by the Central Bureau of Investigation (CBI) on August 21 in the INX Media corruption case and was granted bail by the Supreme Court on October 22.

The case was registered by the CBI on May 15, 2017, alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of ₹305 crores in 2007, during Chidambaram’s tenure as finance minister.

Thereafter, the ED had lodged a money laundering case in this regard in 2017.

(With input from agencies.)

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