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P Chidambaram: India's former finance minister arrested

The CBI team leaves with Chidambaram from his Jor Bagh residence in New Delhi Wednesday nightSymbol copyright
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Mr Chidambaram is a former finance minister

Former Indian finance minister Palaniappan Chidambaram has been arrested at his house in Delhi over alleged corruption.

He’s being investigated over allegations that he cleared overseas investments in alternate for bribes whilst he used to be finance minister in 2007.

Mr Chidambaram, 73, has denied any wrongdoing.

A senior member of the primary opposition Congress celebration and an MP since 1984, he has additionally served as house minister.

He’s because of seem in court docket on Thursday.

Officials from the Central Bureau of Investigation (CBI) scaled the partitions of his Delhi house on Wednesday night to make the arrest. Chaotic scenes spread out as supporters and media surrounded his automotive whilst being pushed away.

The Delhi Prime Court docket had rejected an utility for bail on Tuesday and hours ahead of his arrest Mr Chidambaram’s felony staff had approached the Perfect Court docket.

His attorney informed the court docket that the Bharatiya Janata Celebration-led executive used to be wearing out a “politically-motivated vendetta” in opposition to Mr Chidambaram and his son, Karti, who could also be implicated within the case.

Senior Congress leaders too have accused the BJP of “misusing energy”.

The BJP has now not replied to the allegations, however its spokesperson informed the NDTV information website online that the Congress celebration will have to be ashamed that Mr Chidambaram had became an “absconder”.

Previous on Wednesday the CBI had stated they might now not to find Mr Chindambaram. However he then seemed at a press convention to reject accusations that he had been “hiding from the law”, saying he had instead been consulting with his lawyers.

He used to be arrested at house later within the day.

A Harvard Industry Faculty graduate, Mr Chidambaram has served as finance minister 4 occasions, however he by no means finished a time period.

His first two stints – between June 1996 and March 1998 – had been in successive coalition governments, either one of which collapsed a couple of 12 months when they had been shaped. However all the way through his temporary 2d time period, he slashed taxes, together with company charges, as a part of what the Indian media hailed as a “dream price range”.

He once more served as finance minister underneath the Congress-led executive from 2004 to 2008 ahead of he used to be appointed as house minister. He changed Shivraj Patil, who resigned amid complaint within the wake of the Mumbai assaults.

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Mr Chidambaram’s son, Karti Chidambaram, is a Congress celebration MP

He’s additionally a attorney and has practised within the Madras Prime Court docket and the Perfect Court docket.

He’s being wondered over allegations that he cleared overseas direct funding price tens of tens of millions of greenbacks to INX Media in 2007 when he used to be finance minister. Karti Chidambaram allegedly won kickbacks from INX on the time that the funding used to be cleared by way of the finance ministry.

Each males, who strongly deny the allegations, are being investigated by way of the CBI and the Enforcement Directorate (ED), which investigates monetary crimes.

The CBI arrested Karti Chidambaram in 2018, however he used to be later launched on bail. He’s a Congress MP from the southern state of Tamil Nadu.


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