While arguing for former Finance Minister P.Chidamabaram on Monday, in the Supreme Court(SC) against the money-laundering case lodged by the Enforcement Directorate(ED) in connection with the INX Media scam, Congress leader and SC advocate Kapil Sibal lashed out at the Court. He questioned as to why the judge hearing the case in Delhi HC waited for seven months to declare his verdict. He also questioned why it took him so long to understand its gravity. Chidambaram faces a CBI and an ED case in connection with the INX media scam.
"Why did the judge wait for seven months to give his verdict? It took him seven months to understand the gravity of the offence?" said Sibal. He went on to question as to why the Delhi High Court had termed Chidambaram as the 'Kingpin' of the INX media scam. He had also alleged that he was not privy to documents shared by the ED to the Court.
Earlier in the day, sources had said that the ED will seek custodial interrogation of former Finance Minister if no relief is granted to P Chidambaram from Supreme Court. In the case hearing is currently in progress at the SC, the ED will inform the top court about foreign accounts and assets of P Chidambaram, how as finance minister he misused his official position, as per sources. The agency will also inform details of shell companies and family trust set up by the Chidambarams to route money. ED will also share the progress made in the probe after Karti Chidambaram was arrested.
FIPB officials have claimed to the ED that Chidambaram, as Finance Minister, pressurised them to ignore INX Media bringing Rs 305 crore of FDI instead of Rs 4.6 crore. As per sources, the details of Letter of Rogatories (LRs) sent to UK, Switzerland, Bermuda, Singapore, and Mauritius will be given to the court. Along with this, details of Unison Global Investment Company set up in British Virgin Island which was used to receive kickbacks will be shown to the court, the sources said. The court will be told in many other cases of FIPB clearance, same modus operandi was used, the sources added.
Meanwhile, in a setback to Chidambaram, the Supreme Court on Monday, dismissed his plea challenging the Delhi High Court's order which denied him anticipatory bail in the CBI case in connection with INX Media scam. The Supreme Court said that it is not inclined to interfere in the CBI arrest. The top court also said that Chidambaram could move for a regular bail at an appropriate court. The apex court said that his petition against the CBI became infructuous since Chidambaram had been arrested on August 21 by the central agency. Chidambaram is set to continue being in CBI custody till he is granted bail.