New Delhi, Sep 5 : Former Finance Minister P. Chidambaram faces arrest by the Enforcement Directorate over corruption allegations in the INX Media case after the Supreme Court refused to grant him protection and rejected anticipatory bail moved by him.
A bench headed by Justice R. Banumathi said: “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 court said the Investigating agency has to be given enough freedom to probe. The court observed the grant of anticipatory bail at this stage would hamper the investigation, and therefore the accused may move regular bail before an appropriate court.
The court,making an observation on the economic offences, said these offences are serious in nature and anticipatory bail has to be an exception when the investigation are ongoing in such cases.
Replying to Chidambaram’s lawyers contention contesting the submission of documents in sealed covers in the court, the judge said that the court can peruse the documents in sealed covers to consider bail etc., “but won’t do this on this case so as not to prejudice the case of the accused”.