ED issues lookout notice against P Chidambaram in INX Media case

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The INX Media case involving Senior Congress leader P Chidambaram is back to haunt him as the CBI and the ED officials visited his residence on Tuesday night. This comes a day after the Delhi High Court said on Tuesday that the INX media case was a "classic case of money laundering" and it was of the prima facie opinion that his custodial interrogation is required for an effective investigation in the matter.

Chidambaram is being probed by both the investigating agencies for alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearances to the media group for getting overseas funds amounting to around Rs 307 crore. This was when he was the finance minister in the UPA-I government.

P Chidambaram's lawyers on Wednesday filed a special leave petition (SLP) in the Supreme Court, seeking interim relief against yesterday's order of the Delhi High Court canceling his anticipatory bail plea. During the hearing, SC Judge Justice NV Ramana sent Chidambaram's plea before Chief Justice of India Ranjan Gogoi to pass the order. The CJI is expected hear the plea later today. Senior Congress leader Chidambaram, who is facing arrest in the INX Media case, has been untraceable after 6.45 pm on Tuesday. The former finance minister is being investigated by both the CBI and the ED for allegedly influencing FIPB (Foreign Investment Promotion Board) clearances as the finance minister in the UPA government, and taking bribes through companies linked to his son Karti Chidambaram, who is now an MP. Both the agencies are still searching for Chidambaram. The ED on Wednesday also issued a lookout circular against the former Union minister. Earlier, Chidambaram's lawyer had requested the CBI not to take any action against the former union minister till the Supreme Court hearing in the case.

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