INX-Media case: Court sends Chidambaram to Tihar jail

Agencies
September 5, 2019

New Delhi, Sept 5: Veteran Congress leader and former finance minister P Chidambaram was sent to Tihar jail Thursday by a Delhi court where he will spend 14 days in judicial custody in connection with the INX Media corruption case.

Special Judge Ajay Kumar Kuhar sent him to judicial custody till September 19.

"The allegations against the accused were found serious therefore he was remanded to police custody. The investigation is still in progress," the judge said.

"CBI has apprehension that because of his status and his position, the investigation may be hampered by the accused. It's not a case where the accused can be 'released' at the stage of considering his extension of his remand as submitted by the counsel for accused.

"Having considered all facts and circumstances of the case, the nature of offences, stage of investigation, the accused is remanded to judicial custody," he said.

The court allowed him to carry his spectacles, prescribed medicines and providing him with western toilet facility. It also directed that he be kept in a separate cell in Tihar prison as he was a protectee under Z-security.

Solicitor General Tushar Mehta assured that there will be adequate security for Chidambaram in the jail.

The court also issued notice to the Enforcement Directorate on Chidambaram's plea seeking to surrender in the money laundering case lodged by the agency in which the Supreme Court Thursday dismissed his plea against the August 20 order of the Delhi High Court denying him pre-arrest bail.

Chidambaram, 73, was produced before a Delhi court on Thursday after the expiry of his 2-day CBI custody in the case.

His 15-day CBI custody, ordered by the special court in five spells, which started after his arrest on August 21 night, ends today.

His counsel opposed the CBI plea for judicial custody, which will take him to Tihar jail, and said that the veteran Congress leader was ready to go into the ED custody for interrogation in the money laundering case arising out of the scam in which the apex court Thursday refused to grant him pre-arrest bail.

Chidambaram was brought to the special court hours after he withdrew his petition challenging the non-bailable warrant issued against him following which he was sent to the CBI custody.

He was produced before Special Judge Ajay Kumar Kuhar, who had on Tuesday sent him to the CBI custody till today after taking note of the Supreme Court's order which had said that Chidambaram would be in the CBI custody till September 5.

The apex court Thursday also decided on his appeal against the Delhi High Court's August 20 order in the money laundering case lodged by ED and rejected his challenge to denial of anticipatory bail.

Hours after the apex court order, another special court granted Chidambaram and his son Karti anticipatory bail in the Aircel Maxis cases.

In the INX matter, the Solicitor General is appearing for the CBI while senior advocate Kapil Sibal is representing Chidambaram.

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 overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister.

Thereafter, the Enforcement Directorate lodged a money laundering case in this regard in 2017.

Chidambaram, who was Union home minister as also finance minister during the UPA rule from 2004 to 2014, was arrested by the CBI on August 21 from his Jor Bagh residence.

During the proceedings, Mehta informed the judge about the outcome of the Supreme Court's order in the ED case and also about the withdrawal of his petitions in the CBI case.

CBI told the court that Chidambaram can be sent to judicial custody as he was a powerful public person and should not be set free.

Sibal opposed the CBI saying there was no allegation that Chidambaram tried to influence or hamper probe.

He further said that Chidambaram was ready to go to the ED custody in money laundering case related to INX Media in which the apex court Thursday dismissed his plea challenging the High Court's August 20 order.

Sibal said Chidambaram will surrender and ED will take him into custody.

"Why should I (Chidambaram) be sent to jail (Tihar)?" he said and pressed that ED should take him to its custody.

"There is nothing found against me. There is no charge sheet. They say I am a powerful and influential. But they have no evidence. There is no evidence of tampering with evidence. Has a witness said anything like that?" Sibal argued.

Mehta objected to Sibal's submission saying he is arguing for bail.

However, Sibal said, "The reasons given in the application for judicial custody are non-existent. What do you need me for in judicial custody."

When the Solicitor General sought a clarification as to for what relief Sibal is arguing the latter said, "I (Chidambaram) am arguing for my release."

Mehta said the apex court has accepted his arguments in the money laundering case lodged by the ED and there is a strong chance of tampering with evidence and witnesses and response is awaited on the Letters Rogatory sent to various countries.

He alleged that Chidambaram was influencing the banks in foreign countries and he was non-cooperative in the investigation and the banks may not cooperate if he influences them.

"This is a case of serious economic offence affecting economy of the country," he said, adding that Chidambaram is influential and has pervasive control over things and may influence witnesses.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
June 13,2020

New Delhi, June 13: A quarantine notice pasted outside former Prime Minister Manmohan Singh’s 3, Motilal Nehru Place residence has raised speculations among media and political circles.

According to reports, the daughter of a domestic help who works at Singh’s residence has tested positive. She and her family, who live in the servant quarters, have been quarantined.

Singh, who has not been keeping well for some time, is slowly getting active. Congress leaders said the former Prime Minister attended a meeting of the party’s consultative committee on Thursday through video conference.

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News Network
March 29,2020

New Delhi, Mar 29: The Centre on Sunday asked state governments and Union Territory administrations to effectively seal state and district borders to stop movements of migrant workers during lockdown, officials said.

During a video conference with Chief Secretaries and DGPs, Cabinet Secretary Rajiv Gauba and Union Home Secretary Ajay Bhalla asked them to ensure that there is no movement of people across cities or on highways as the lockdown continues.

"There has been movement of migrant workers in some parts of the country. Directions were issued that district and state borders should be effectively sealed," a government official said.

States were directed to ensure there is no movement of people across cities or on highways.

Only movement of goods should be allowed.

District Magistrates and SPs should be made personally responsible for implementation of these directions, the official said.

Adequate arrangements for food and shelter of poor and needy people including migrant labourers be made at the place of their work, the official said.

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