New Delhi, Sep 23 Former Finance Minister P. Chidambaram told the Delhi High Court it’s absurd on the CBI’s part to even allege that he is a flight risk as a Look Out Circular (LOC) has already been issued against him .
Calling CBI’s claim as “preposterous”, Chidambaram said that there was no possibility of him evading the “process of law” and denied the CBI’s submission that his alleged role in the INX media case was a “clear betrayal of public trust at large”.
Lawyers of P Chidambaram have submitted rejoinder in Delhi HC. It’s stated in the rejoinder that ‘there is no loss to the public exchequer in this case. No public funds were involved in this case & it is not a case of bank fraud or taking money out of the country’
“It is denied that the accused who held a very high and influential office of the finance minister of the country used the same for personal gains as well as in connivance with his co-conspirators. It is submitted that there is no loss to the public exchequer in this case,” the rejoinder read.
Indrani Mukherjee’s statements are not credibile
Commenting through his reply on Mukherjee being an approver in the CBI case, the senior Congress leader stated that both Mukherjee and her husband are also accused in a murder case which is also being investigated by the CBI, hence no credibility can be attached to their statements.
In its reply filed before the Delhi High Court on Friday, the probe agency has said that Chidambaram remained “non-cooperative” during the investigation and did not even answer the “basic” questions.
The court will hear Chidambaram’s bail petition today. He is currently lodged in Tihar jail. Chidambaram was the Finance Minister when the Foreign Investment Promotion Board (FIPB) gave Foreign Direct Investment (FDI) clearance to INX Media in 2007.
The agency further contended that there is sufficient evidence on record which reveals the role of the ex-Finance Minister in the INX Media case.
“P. Chidambaram wielding his influential position has so far ensured that the investigation agency does not get the details sought in the aforesaid Letter of Rogatory which are the details to be supplied by the banks situated abroad,” said the CBI reply.
The agency added that if Chidambaram is released on bail, he would ensure that these crucial details are not accessed by the probe agencies.
Chidambaram and his son were named in the case by INX Media co-founders Peter and Indrani Mukerjea, who are currently in jail in Mumbai in connection with the murder of Indrani’s daughter Sheena Bora.
The CBI had registered an FIR on May 15, 2017, alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving Rs 305 crore overseas funds in 2007 during Chidambaram’s tenure as Finance Minister.
The ED too filed a money laundering case against Chidambaram in this regard in 2017.