Palaniappan Chidambaram, a former finance minister of India and also a senior Congress leader, was arrested last night in New Delhi by the Central Bureau of Investigation in connection with INX media case of alleged money laundering, officials said.
Chidambaram, who made a surprise appearance at the Congress’ national headquarters here, was arrested by a CBI team soon after he reached his home in Jor Bagh, a posh locality of south Delhi, they said.
Earlier in the day, the CBI and the Enforcement Directorate, which handles cases pertaining to foreign exchange rules violations, issued separate lookout notices against Chidambaram.
A team of about 30 CBI members, accompanied by Delhi police officials, reached Chidambaram’s Jor Bagh residence and knocked at the main gate for a few minutes before scaling the boundary wall to enter the premises.
He was then taken to the CBI headquarters for questioning, officials said.
The INX media case relates to alleged irregularities in the Foreign Investment Promotion Board’s clearance to the media group for receiving overseas funds to the tune of Rs 307 crore at a time Chidambaram was India’s finance minister in 2007-08.
Chidambaram’s arrest came a day after the Delhi High Court on Tuesday rejected his anticipatory bail plea in the case.