No bail while on way to Tihar jail! Top court refuses to grant Chidambaram protection, rejecting his pre-arrest bail

New Delhi, September 05: In a major setback to the Congress leader P Chidambaram, the Supreme Court on Thursday has refused to grant him protection in the money-laundering case of INX Media.

 

“Anticipatory bail has to be exercised sparingly in cases of economic offences. Considering the facts and circumstances, this is not a fit case to grant anticipatory bail,” the Supreme Court said.

 

 

The court said that the investigating agency has to be given sufficient freedom to conduct its probe, and the grant of anticipatory bail at this stage would hamper investigation.

 

The CBI accuses Chidambaram of misusing his position as Finance Minister in 2007 while facilitating a huge infusion of foreign funds in INX Media at the instance of his son Karti Chidambaram.

 

The allegations against Chidambaram and his son are reportedly based on the information from Peter Mukerjea and Indrani Mukerjea, the INX Media co-founders who are currently jailed in Mumbai in connection with the murder of Indrani’s daughter Sheena Bora.