The Enforcement Directorate (ED) on Wednesday (16 October) arrested former finance minister P Chidambaram after questioning him for two hours in Tihar jail.
Chidambaram has been in judicial custody since 21 August for his alleged involvement in irregularities in granting of Foreign Investment Promotion Board (FIPB) approval to INX Media during his term as finance minister.
According to the ED officials, he has been arrested under sections of the Prevention of Money Laundering Act (PMLA) and will be produced before the court later in the day.
Officials said that the ED will demand Congress leader's custodial interrogation to confront him with the evidences gathered in the case so far.
They said he will be asked questions related to kickbacks received by shell companies allegedly floated by his son Karti Chidambaram.
The ED has earlier informed the court that it had identified about two dozen foreign bank accounts, which were used to park kickbacks received from illegal favours granted by the former minister.
The officials said the financial probe agency was in possession of several email exchanges indicating communication between front companies where both senior and junior Chidambaram were the beneficiary owners.
They also said the Congress leader will be confronted with the statements given by at least 13 witnesses, including his private secretary, in the case.
Chidambaram was arrested by the Central Bureau of Investigation (CBI) in INX media case on 21 August after 24-hour long drama. From the CBI custody, he was sent to judicial custody and the CBI court on Tuesday allowed the ED to question him in the case.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.