P Chidambaram, who was arguably the most powerful minister during the 10 years of UPA rule, has been arrested by the Central Bureau of Investigation in a money laundering case. The man who once held the portfolios of home and finance ministry will spend the night at the CBI lockup after he evaded arrest for 24 hours.
The case which has shot down the tiger is the INX Media scam. A 2008 deal which threatens to put him and his son Karti Chidambaram behind bars.
Even as the Chidambarams have claimed that there is no connection between them and shell companies which received the alleged kickback money for undue Foreign Investment Promotion Board clearance to INX Media, the Delhi high court has termed the former minster as the kingpin of the scam.
The Delhi HC said this while quashing P Chidambaram’s anticipatory bails in the case, leading to a high-octane drama spanning over 24 hours.
Since Tuesday night, the nation witnessed a game of cat and mouse as both the CBI and the Enforcement Directorate attempted and failed to arrest P Chidambaram even as his lawyers claimed that he was at their office. P Chidambaram was finally arrested from his residence on Wednesday night after his counsels failed to get an urgent hearing in the SC seeking a stay of HC order.