money laundering

The High Court had, on November 15, dismissed his bail plea and observed that prima facie allegations against him were serious in nature and he played an "active and key role" in the offense.

The Enforcement Directorate (ED), which is probing the money laundering case, had arrested Chidambaram last month. He is currently lodged in judicial custody in Tihar jail.

The alleged money laundering case was registered against him by the ED in September last year, based on a complaint filed the Income Tax Department

Forty-eight-year-old Modi was arrested on March 19 by Scotland Yard in connection with the case and is currently lodged in Wandsworth prison in south-west London.

The CBI had registered an FIR alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as finance minister.

The alleged money laundering case was registered against him by the ED in September last year, based on a complaint filed by the Income Tax department, alleging tax evasion and hawala transactions amounting to crores.

A Special court on Thursday sent former Union finance minister P Chidambaram to ED custody till October 24 in connection with its probe into the INX Media money laundering case.

A three-member team of ED including Mahesh Gupta, Sandeep Thapliyal, and Dainik Jain had arrived at Tihar Jail to interrogate P Chidambaram, who is lodged in the case which is also being investigated by the CBI.

Chidambaram is currently in judicial custody in Tihar Jail in a corruption case related to the alleged scam being probed by the Central Bureau of Investigation (CBI). His remand is slated to end on October 17.

Chidambaram is currently in judicial custody in Tihar jail in a corruption case related to the alleged scam being probed by the Central Bureau of Investigation (CBI). His remand is slated to end on October 17.