Heena Sharma Blog

Supreme Court on Thursday refused anticipatory bail to former finance minister and Congress leader P Chidambaram in the INX Media money laundering case lodged by the Enforcement Directorate (ED). According to Bar & Bench, the apex court said that an anticipatory bail cannot be granted as a matter of right. Further, the court said that it is to be exercised sparingly in cases of economic offences. "Granting anticipatory bail at the initial stage may frustrate the investigation. It’s not a fit case to grant anticipatory bail. Economic offences stand at different footing and it has to be dealt with different approach", the court said Further, the Supreme Court said that Chidambaram was free to move the trial court and apply for regular bail. Read More Article Source -> Business Standard

A Delhi court Friday extended till March 25 the interim protection from arrest granted to former Union minister P Chidambaram and his son Karti in the Aircel-Maxis scam cases filed by the CBI and the ED. Special Judge O P Saini adjourned the matter after senior advocate Sonia Mathur, appearing for the CBI, sought time to argue on their anticipatory bail applications. Similar request was also made by ED's Special Public Prosecutors Nitesh Rana and N K Matta which was allowed by the court. During the hearing senior advocates Kapil Sibal and A M Sinhgvi, appearing for the father-son duo, opposed the adjournment sought by the agencies, saying a lot of time has been spent since filing of the applications. The case relates to alleged irregularities in grant of Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. Article Source -> Business Standard

A Delhi court on Thursday extended till November 26 the protection from arrest to former Union minister P Chidambaram and his son Karti in the Aircel-Maxis case filed by the CBI and ED. Additional Solicitor General Tusshar Mehta, appearing for the CBI and ED, told CBI Special Judge O P Saini, "We have to meet a deadline and he (P Chidambaram) is not cooperating." He also told the court that the CBI will file its reply to the anticipatory bail application of P Chidambaram on Thursday. The Enforcement Directorate (ED) had on Wednesday told the court that custodial interrogation of former Union minister and Congress leader P Chidambaram was necessary in the Aircel-Maxis money laundering case to unravel the truth as he was "evasive and non-cooperative" in the probe. "From the conduct of the petitioner, which gets amply demonstrated from the records available, the investigating agency has reached a bona fide conclusion that in the absence of c...

The I-T department alleged that the trio had not disclosed Rs 53.7 mn worth of property they jointly own in Cambridge and Rs 32.8 mn worth of properties in the USA Current Affairs News : A magistrate court in Chennai on Monday directed former Union finance minister P Chidambaram's family members to appear in court on August 20 without fail in connection with the black money case . Chief Metropolitan Magistrate S Malarvizhi ordered the personal appearance of Chidambaram's wife Nalini, son Karti and his wife Srinidhi on August 20 since they failed to do so on Monday. According to the Income Tax Department, Karti had not disclosed his bank account in Metro Bank, the UK, and investments he had made in Nano Holdings LLC, USA. Also, the department said Karti had failed to disclose investments made by Chess Global Advisory, a company co-owned by him, which is an offence under the Black Money Act. The department stated that the trio had not disclosed Rs 53.7 ...