New Delhi, September 30: Counting a month and more now in Tihar Jail, P Chidambaram has again been denied the regular bail petition by the Delhi High Court on Monday claiming that the INX Media accused might influence witnesses in the case.
In its order, the High Court said there is no chance of tampering of evidence, but there is a possibility that Chidambaram can influence witnesses in the case. Chidambaram had signed off on a huge infusion of foreign funds into the firm as the finance minister in 2007.
Chidambaram had argued that the allegations against him were not grave in nature and carry only up to 7 years punishment. The CBI which arrested him in the case in August contended that the gravity of the offence had nothing to do with punishment provided, the gravity is to be judged by the impact the offence has on the society, economy, financial stability and integrity of the country.
The INX Media was co-founded by Peter and Indrani Mukerjea, who are currently in jail in the case involving the murder of Indrani's daughter Sheena Bora. Indrani Mukerjea has turned approver in the case against the Chidambarams and the investigative agencies have based their case on her testimony.