The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
The court directed Chidambaram to cooperate with the ED's investigation.
Terming senior Congress leader P Chidambaram as 'unsuccessful' as the Union home minister, even as the finance minister earlier, former Bharatiya Janata Party president Murli Manohar Joshi on Sunday demanded that Prime Minister should seek his resignation.
Chidambaram's son Karti has been questioned twice by the ED in this case.
Citing 'frail' health, Chidambaram also said he is not 'accustomed' to food given to him in the jail and has lost 4 kg weight during judicial custody.
The statements of the Mukerjeas were recorded by the Enforcement Directorate, which is probing the money laundering angle in the case, while the CBI had only recorded Indrani's statement before a magistrate as per section 164 of the CrPC, they said.
Justice Suresh Kait said that wrong message will be sent to the society if bail is granted to Chidambaram in this case.
'Once the Hon'ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved,' the senior Congress leader said in a tweet.
Chidambaram, who was accompanied by police personnel in the police bus, was put in a special cell in the Asia's biggest prison complex as per the orders of the CBI court.
FIR says that the officials by virtue of influence exercised over them by Karti, not only ignored the serious illegality on the part of INX Media on both the counts but also deliberately showed undue favours to INX Group.
Show-cause notice has been issued to M/s Advantage Strategic Consulting Private Limited, its directors and also to Karti P Chidambaram who appears to be the controller and ultimate beneficiary in these transactions, the ED said in its notice.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
Finance Minister Nirmala Sitharaman on Wednesday again took a digital tablet wrapped in a traditional 'bahi-khata' style pouch as she headed for Parliament to present Union Budget 2023-24 in a paperless format just like the previous two years. She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President. She, however, was holding a tablet instead of a briefcase to present the Budget in a digital format.
Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- 5 annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji Desai. With the presentation of interim Budget on February 1, Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row. Desai, as Finance Minister, had presented five annual Budgets and one interim Budget between 1959-1964. The interim Budget 2024-25 to be presented by Sitharaman on February 1, will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.
Chidambaram has been magnanimous in endorsing my book, says the former RBI Governor D Subbarao.
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in conection with the alleged multi-crore Saradha chit fund scam.
The senior Congress leader said there is no point debating now on why the former president accepted the invite to be the chief guest at an RSS function in Nagpur.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
Chidambaram said that if the government is of the view that Karti has alleged undisclosed assets he would ask it to make a list in this regard and his son will voluntarily execute any document necessary to transfer such assets to it for a nominal consideration of Rs 1.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
Setting aside the Delhi high court's September 30 verdict denying bail to Chidambaram, the apex court said he is neither a "flight risk" nor there is a possibility of "his abscondence from the trial". Chidambaram had moved the apex court challenging the high court verdict.
Her expression of strong support to Chidambaram, who has also been a home minister, came a day after the Delhi high court refused to grant him any protection from arrest in the INX media case.
Union Finance Minister P Chidambaram's mother Lakshmi Palaniappan died on Friday. She was 92, her family said.
Chidambaram mocked her with a tongue-in-cheek tweet.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
Jailed former Telecom Minister A Raja on Wednesday told a Delhi court that he would get Prime Minister Manmohan Singh, the then finance minister P Chidambaram and the current Telecom Minister Kapil Sibal summoned as witnesses to prove that the government did not incur any loss in the 2G allocation.
About 11 entities may be charged in the first charge sheet in the case, the sources said without elaborating on the issue.
The poll panel said it found Kharge's letter, placed in the public domain in the middle of the ongoing electoral process, 'highly undesirable' and designed to create confusion, misdirection and impediment to the conduct of smooth, free and fair elections.
In an interview with PTI, Chidambaram also stressed that no Congress MLA elected in the upcoming assembly polls can be poached by the Bharatiya Janata Party in Goa this time, saying 'our house is well-guarded' and though the 'thief' is still out there, the people 'will teach him a lesson'.
A non-Gandhi is set to become the Congress president after 24 years.
Chidamabaram's counsel told the top court that he is sought by ED to be "vicariously involved" in the INX Media money laundering case as he is the father of Karti Chidambaram, who according to the probe agencies tried to influence the Foreign Investment Promotion Board members.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Global Advisory Services Pvt Ltd, where Karti had been a director
The Congress leader also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.
On Monday, Chidambaram was brought to RML Hospital in the morning and later referred to AIIMS after he complained of stomach ache and illness. He was discharged in the night.
Deputy Superintendent of Police Ramaswamy Parthasarathy, who arrested Chidambaram in the INX Media case last year, has been conferred with the President's Police Medal for Distinguished Service.
Grant of anticipatory bail to Chidambaram at this stage will hamper investigation, it said.
Singh, a former Army officer, had been ill after a fall at his home in August 2014 and was admitted to the Army Research and Referral Hospital. He had been in and out of the hospital and was admitted again in June this year.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances