NEW DELHI: The Delhi High Court has withdrawn the protection from the arrest from former Finance Minister P Chidambaram in a case connected with INX Media scam.
The case holds a weight of economic offences that need to be dealt with iron hands, observed the court while rejecting the anticipator bail plea filed by Chidambaram.
Denying the allegations of having indulged in any irregularities in the said deal, Chidambaram termed the case against him a ploy by the BJP-led Government on political rivalry.
"This is an economic offence and has to be dealt with iron hands... The hands of investigating agencies cannot be tied up in such a massive economic offence," said the court.
They added that 'magnitude and enormity' of the material produced by investigating agencies completely dis-entitles him from any pre-arrest bail.
Chidambaram's son Karti Chidambaram has been asked to vacate his home in Delhi's Jor Bagh that has been attached by the ED in connection with INX Media case.
The Enforcement Directorate sent a notice asking him to leave the property within ten days.
It has been alleged that Chidambaram was instrumental in providing government clearance to INX Media to receive foreign funds during the UPA government headed by Manmohan Singh.
During that time, the television company was owned by Peter and Indrani Mukerjea, who are currently in jail, accused of being involved in the murder of her daughter Sheena Bora.
He had appealed to the Delhi High Court for anticipatory bail last year and the court gave him interim relief.
ED had also summoned Chidambaram for questioning in connection with the purchase of 111 aircraft for Air India during the Congress-led UPA government.
As per the reports, this deal by the UPA government has put the national carrier into a big financial burden.
The aviation minister Praful Patel claimed that the purchase was done after getting the approval from an Empowered Group of Ministers headed by Chidambaram.
Karti Chidambaram was arrested in the case and remained in custody for 23 days last year. He was also being investigated by the Enforcement Directorate and the CBI.