INX Media corruption case, a classic example for money laundering, says CBI court; sends Chidambaram to custody till August 26

New Delhi: Observing that INX Media corruption case is a classic example for money laundering, a special CBI court today sent Congress leader and former finance minister Chidambaram to CBI custody till August 26. The former union minister was arrested by the CBI from his residence in New Delhi late on Wednesday.

Special Judge Ajay Kumar Kuhar heard the arguments of the CBI and Chidambaram’s counsels. During the argument, Mehta told the court that custodial interrogation of the Congress leader was required as the former Finance Minister was “evasive” and “non-cooperative” in the investigation. The Central Bureau of Investigation (CBI) had sought five days of custody of P Chidambaram.

Noting that INX Media case is a classic example of money laundering, the court also said that the case is in the pre-charge sheet stage. The court has however permitted 30 minutes a day for family members and lawyers to meet Chidambaram.