The Delhi High Court Friday denied bail to former finance minister P Chidambaram in the INX Media money laundering case filed by the ED, saying prima facie allegations against him are serious in nature and he played active and key role in the offence.
Justice Suresh Kait said that wrong message will be sent to the society if bail is granted to Chidambaram in this case. “I am not inclined to grant bail,” Justice Kait said.
While pronouncing the verdict, he said the material collected by the ED in the money laundering case is clear, different and independent with that collected by the CBI in the corruption case.
Even the investigation done in this case is different from the CBI’s case, the court said, adding that in cases of economic offences, the entire community gets affected.
I am conscious that bail is rule and jail is exception but a wrong message would be sent to the society, if bail is granted in this case,” the judge said.
The high court had reserved the order on November 8 on the bail petition after hearing the arguments of counsel for Chidambaram and the Enforcement Directorate (ED).
The ED had arrested him in the money laundering case on October 16 and presently he in judicial custody till November 27 under the order of a trial court.
Chidambaram was arrested by the CBI on August 21 in the INX Media corruption case and was granted bail by the Supreme Court on October 22.