NationalPolitics

INX Media case: Relief for Chidambaram, CBI court extends custody till 5 September

Chidambaram lawyers apprised the court that they will not press for bail in the trial court until the petition challenging the remand was decided upon by the apex court.

“The accused to remain in CBI custody and to be produced on September 5,” said judge Ajay Kumar Kuhar.

Chidambaram’s counsel said they were not pressing for interim bail and it has been re-notified for Thursday.

Earlier in the day, the Supreme Court extended Chidambaram’s CBI remand till 5 September.

Chidambaram lawyers apprised the court that they will not press for bail in the trial court until the petition challenging the remand was decided upon by the apex court.

Today’s order comes as a relief for Chidambaram as he would not be taken to judicial custody till the case is decided on Thursday. An apex court division bench has ordered status quo till 5 September.

Chidambaram has been in custody for 12 days since his arrest on 21 August, after the Delhi High Court on 20 August dismissed his anticipatory bail application.

The CBI, on 15 May 2017, registered an FIR against Chidambaram for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance provided to INX Media for receiving overseas funds to the tune of ₹305 crore in 2007 when he was the finance minister.

The money laundering cases lodged by ED in this regard dates back to 2018. Chidambaram was arrested on August 21.

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