P Chidambaram files bail plea in Delhi High Court in INX Media case registered by ED

"Enforcement Directorate (ED) arresting is mala fide and had been done with the intention to harm the reputation of the petitioner," Chidambaram's counsel claimed. Congress leader P Chidambaram has moved a bail plea in Delhi High Court, in connection with Enforcement Directorate (ED) case of INX Media claiming that his arresting by the ED is mala fide. The senior Congress leader and former Home Minister is in ED custody till October 24. His bail plea is likely to be heard on Thursday (tomorrow). "Enforcement Directorate (ED) arresting is mala fide and had been done with the intention to harm the reputation of the petitioner," Chidambaram's counsel claimed. It has been further mentioned in Chidambaram's plea that the petitioner does not have the propensity to evade the process of law, and has throughout been available during the period of the investigation. The investigation agency did not recover or elicit anything incriminating. No incriminating documents or material were seized during the searches by the agency, Chidambaram claimed in his petition. "All other accused have been enlarged on bail. The petitioner has deep roots in society and has been in public life for 40 years," reads a statement claimed in senior Congress minister's plea, who is being investigated in the INX media case. Earlier on Tuesday, Supreme Court granted bail to P Chidambaram in the INX Media case registered by the Central Bureau of Investigation (CBI). However, the Congress leader is currently under the custody of Enforcement Directorate (ED) till October 24 in the INX Media case. Supreme Court said that Chidambaram can be released provided he is not arrested in any other case and on the personal bond of Rs 1 lakh. "He has to make himself available for interrogation," SC added. CBI had arrested P Chidambaram on August 21. Earlier last week, the ED had arrested Chidambaram after grilling him for nearly two hours at Delhi's Tihar Jail in connection with the INX Media money laundering case. Chidambaram is in judicial custody in Tihar Jail since September 5 in a corruption case related to the alleged scam being probed by the CBI and ED. The case pertains to an FIR registered by the CBI for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 by Chidambaram when he was the Finance Minister. While the CBI is probing the corruption allegations, the Enforcement Directorate (ED) is looking into money laundering allegations against him in the case. On May 15, 2017, the CBI had registered a case against INX Media Private Limited for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to the media group. The company had allegedly received Rs 305 crore as overseas fund in 2007 during Chidambaram's tenure as the finance minister though it had the permission to source foreign investments worth Rs 4.62 Crore only. The group allegedly received Rs 40.91 crore through a sister company without the necessary approvals from FIPB and violated the Foreign Exchange Management Act (FEMA).

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