INX Media Case: Why Thursday Crucial For P Chidambaram In Supreme Court

Thursday will be a crucial day for Congress veteran P Chidambaram, whose fate will be decided by the Supreme Court which is scheduled to pronounce verdict on his plea challenging the Delhi High Court's verdict denying him anticipatory bail plea in the INX Media money laundering case lodged by the ED.

The apex court is also likely to pass order on his plea challenging the issuance of the non-bailable warrant (NBW) against him and the subsequent remand orders for custodial interrogation issued by the trial court in the corruption case lodged by the CBI.

Chidambaram's 15-day CBI custody, ordered by the special court in five spells, which started after his arrest on August 21 night, comes to end tomorrow.

His fate will also be decided by the trial court which reserved order on anticipatory bail applications in the cases registered by the CBI and the ED in the Aircel-Maxis deal scam.

In the Supreme Court, a bench of Justices R Banumathi and AS Bopanna, had reserved orders on August 29 on the Chidambaram's plea in the ED case. 

While reserving the orders the bench had said it would decide on the question whether to look into the documents placed before it by the ED in a sealed cover.

"Whether to look into the documents will depend on the decision of the court," the bench had said and added that if it decides not to look into the document, then entire documents will be returned to the ED as it is. 

The top court had directed the ED to produce the documents in a sealed cover with the authenticated seal of the Directorate of Enforcement.

Chidambaram, who was arrested on August 21, is in the CBI custody till tomorrow in INX Media corruption case. He is likely to be produced before the special judge on expiry of his remand period. 

The top court had on September 3 ordered that Chidambaram  would remain in the CBI custody till September 5 despite the probe agency insisting that it did not require his further custodial interrogation.

CBI had lodged an FIR on May 15, 2017, alleging irregularities in FIPB clearance granted to INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister. Thereafter, ED lodged a money laundering case in 2017. 

The Delhi High Court had on August 20, rejected anticipatory bail pleas of Chidambaram in the INX media scam cases lodged by CBI and ED.

If the apex court gives relief in both the CBI and ED cases, then Chidambaram will be out on bail.