Chidambaram trapped under the tightening hands of investigations!

Amidst having been trapped under the tightening hands of the Central Bureau of Investigation on the alleged involvement in INX Media case, Former Indian finance minister and senior congress leader P Chidambaram has been droned with the investigations of Enforcement directorate for the money laundering case filed against him last year.

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With being lodged in Tihar jail currently since September 5th 2019 with accord to the directive from the CBI special court in Delhi, the team of ED officials had reached the prison complex today to interrogate Chidambaram on the allegations driven against him. The reports say that the Central economic intelligence agency had flagged its investigations after the CBI court had consented the agency to officially grip the hands of investigations against former Indian finance minister which had revealed that the former minister will less likely see the possibilities of getting bailed out or acquitted. Chidambaram's wife and his son were present in the complex while ED had stormed with tough hands.

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Before being locked up in Tihar jail under the grounds of judicial custody, Chidambaram was kept under the custodial interrogation of CBI after he was arrested on August 21st, 2019 from his Delhi residence. His legal team had filed anticipatory bail petitions and judicial bail petitions that were dismissed by the judicial body with the odd responses which had now recorded with Chidambaram's 55th day in prison and since ED had joined the hands with CBI, it has been anticipated that both the agencies are preparing to grill former Union minister with the row of heated questions on his alleged connection with INX Media case.

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Chidambaram has been accused with suspicious involvement of giving his consent to INX Media towards acquiring exorbitant overseas funds than what was prescribed and approved for the company by the Foreign Investment Promotion Board (FIPB) through the mediation of his son Karti when Chidambaram was Indian finance minister in 2007. It was reported that INX Media had received about Rs 305 crores with the licence to receive only Rs 4 crores as foreign investments that was later exposed with the alleged involvement of Chidambarams where Karti had mediated with INX Media case while the then Finance minister Chidambaram had used his office to breach his authority towards signing the approval for INX Media to acquire foreign funds in which the Central Bureau of Investigation had filed a case against Chidambaram in 2017 while Enforcement directorate had booked money laundering case against him in 2018 that had led both of the investigative agencies to flag their extensive investigations against Chidambaram further to which he has been detained and locked up in 7th block of Tihar jail, that has the inmates of economical crimes.

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The CBI authorities had confronted him after his pre arrest bail petition have been rejected by the Delhi High court that had now complied with ED to start its investigations in money laundering case yesterday.

 

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