INX Media money laundering case: ED opposes Chidambaram's bail plea

The Enforcement Directorate on Thursday (November 28) opposed in the Supreme Court the bail plea of senior Congress leader P Chidambaram in the INX Media money laundering case, claiming that he continues to wield “substantial influence” on crucial witnesses even from custody.

However, the apex court reserved its verdict on Chidambaram’s plea seeking bail in INX-Media money laundering case.

Earlier, appearing for the Enforcement Directorate (ED) Solicitor General Tushar Mehta, told a bench headed by Justice R Banumathi that economic offences are grave in nature as they not only affect the nations economy but also shake peoples faith in the system.

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Mehta told the bench, also comprising justices AS Bopanna and Hrishikesh Roy, that during the investigation, the ED has identified 12 bank accounts in which proceeds of crime were deposited and the agency also has details of 12 properties which were purchased in several foreign countries.

The apex court was hearing an appeal filed by 74-year-old Chidambaram challenging the Delhi High Court verdict denying him bail in the case.