CHIDAMBARAM’S CBI Custody Extended Till Friday

CHIDAMBARAM’S CBI Custody Extended Till Friday CBI Custody of former Finance Minister P Chidambaram, 73, was on Monday, August 26, extended for four days by a Special CBI Court in Delhi. Chidambaram is accused by the CBI of facilitating a huge infusion of foreign funds into the media company INX Media in 2007, when he was Finance Minister, at the instance of his son Karti Chidambaram, who allegedly received kickbacks for his role. The CBI had asked the court for more custody alleging that he had been “uncooperative”. Earlier in the day, the Supreme Court refused to take up his request for protection from arrest by the CBI, saying it was “infructuous” after his arrest. Arguments on Chidambaram’s second request for protection against arrest by the Enforcement Directorate were inconclusive. A third petition, challenging his arrest by the CBI, was not even listed. The CBI told the special court it needed Chidambaram’s custody for five more days as it wanted to bring him face to face with a co-accused and “unearth a larger conspiracy.” Chidambaram was brought before Special Judge Ajay Kumar Kuhar after his four-day CBI custody ended today. Chidambaram also fought n the Supreme Court but got no reprieve today. “I have a right to be heard,” Kapil Sibal, his lawyer,  told the SC referring to the team’s failed attempts to get a top court hearing on the former minister’s request for pre-arrest bail on Tuesday and Wednesday, after which he was arrested by the CBI.  Chidambaram’s lawyers argued that the CBI should have waited for a court decision instead of arresting him on Wednesday night from his South Delhi residence.Chidambaram is accused by the CBI of facilitating a huge infusion of foreign funds into the media company INX Media in 2007, when he was Finance Minister, at the instance of his son Karti Chidambaram, who allegedly received kickbacks for his role (with NDTV inputs).

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