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Arrested last night, Chidambaram to be in CBI custody till August 26

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Arrested last night, Chidambaram to be in CBI custody till August 26

A Delhi Special Court today, Thursday Aug 22, remanded Congress leader and former Union Minister P Chidambaram to CBI custody for four days – till August 26 – in connection with charges of corruption in the INX Media case. 

The special judge said that Chidambaram will be allowed to meet his family everyday and shall also be medically examined from time to time.

Meanwhile, ANI reported that Supreme Court would hear P Chidambaram’s petition against the Enforcement Directorate on August 27, whereas his petition against the CBI would be heard tomorrow.

Arrested amid high drama last night, P Chidambaram was produced before Special Judge Ajay Kumar Kuhar in Rouse Avenue earlier today. 

The CBI had sought five days of custody, saying he was not cooperating in the investigation.

Chidambaram was produced before the Rouse Avenue Court in New Delhi where Special Judge Ajay Kumar Kuhar heard the arguments.

The CBI told the court that Chidambaram’s custodial interrogation was necessary to unearth larger conspiracy in the INX Media case. Solicitor General Tushar Mehta told the court that grave offence was committed, and custodial interrogation was required to get answer of certain questions for effective probe.

The CBI told the court that the INX Media scam was a serious and monumental case of money laundering.

Chidambaram’s family members, including his wife Nalini and son Karti, were also in the courtroom along with other senior advocates including Dayan Krishnan. Heavy security arrangement had been made outside the courtroom.

On the CBI’s claims of Chidambaram being evasive in the investigation pertaining to the INX Media case, the former union minister said in court: “Please look at the questions and answers, there are no questions which I have not answered, please read the transcript. They asked if I have a bank account abroad, I said no, they asked if my son has an account abroad I said yes.”

His lawyer Kapil Sibal said Chidambaram was arrested last night, but interrogated only at 11 AM on Thursday. He argued that of the 12 questions put to the accused (Chidambaram), six were asked long back in June 2018.

Sibal said that the first arrest in the case was of Bhaskar Raman, chartered accountant of Karti, currently out on bail. Besides that, Peter and Indrani Mukherjea, also accused in the case, are also out on default bail as they are in jail in connection with another matter, he added.

The senior advocate contended that the grant of bail was a rule and the issue before the court was of personal liberty.

Sibal also told the court that Chidambaram never skipped interrogation. He argued that the former minister was summoned for questioning only on one occasion and he complied. “How can he be accused of non-cooperation,” Sibal said. 

“Investigation complete as draft chargesheet is ready. Sanction was sought. The FIPB approval is given by six government secretaries, none have been arrested. This is a case of documentary evidence. He (Chidambaram) has never skipped interrogation,” ANI quoted Sibal as saying.

Abhishek Manu Singhvi, also appearing for Mr. Chidambaram pointed out that the CBI did not take any action for the past 11-12 months. “Chidambaram has given only those replies to the CBI which he had, but not according to the wishes of the agency. It is terming this as non-cooperation by him,” he argued.

“This case is completely based on a case diary and a statement of another accused,” Singhvi said. Chidambaram, he said, was first called in June 2018, months after Indrani Mukerjea recorded her statement.

Indrani Mukerjea is the wife of former media baron Peter Mukerjea and the couple  owned INX media, the television company at the heart of the dispute. She and her husband have accused P Chidambaram and his son Karti Chidambaram’s of involvement in providing clearance of the foreign funds.

“For the last one year, no summons but now they (the CBI) want custody. Indrani has turned approver now based on her 2018 statement. To create a reason for custody of my client, she has been made approver stating new facts have emerged. Is approver an evidence? Can that be the basis for his arrest and now custody,” he said.

CBI’s argument

Solicitor General Tushar Mehta, contesting the contention of defence lawyers, said all are equal before the law and Chidambaram’s son, Karti, was also taken into custody earlier. 

“Chidambaram has tremendous potential of not cooperating in probe since he is highly intelligent,” Mehta said. “Certain facts about the case cannot be narrated in open court,” he said as defence counsel claimed there was no new development in the case.

Mehta said “there is a reasonable ground for Chidambaram’s custody as he was evasive in his replies and chose to remain silent during the interrogation by the agency.” “This is a serious case, involving intelligent people like him (Chidambaram),” he said adding that if the custody is not given, the prosecuting agency will fail in its duty to reach at the root of the conspiracy.

Last year, in April, Chidambaram’s son and a co-accused in the INX Media case Karti Chidambaram spent 23 days in CBI and judicial custody.

CBI filed an FIR in May 2017 over alleged irregularities in the Foreign Investment Promotion Board (FIPB) clearance to INX Media for receiving overseas funds of  Rs 305 crore in 2007, when Chidambaram was finance minister during the first term of Congress-led United Progressive Alliance government. Thereafter, the ED lodged a money laundering case in this regard in 2018.

Chidambaram, whom the CBI and ED were hunting for after the Delhi High Court rejected his anticipatory bail plea, was arrested last night 90 minutes after he made a surprise appearance at a Congress press conference. All day, his lawyers and Congress colleagues Kapil Sibal and Abhishek Manu Singhvi had tried without luck to get the Supreme Court to urgently hear his petition for interim protection from arrest. The court decided to take up the petition on Friday.

After the press conference, Chidambaram then to his home with Sibal and Singhvi, where CBI teams had made two visits already.

On his trail, the CBI first went to the Congress office and then to his home. Finding the gates to the building shut, CBI officials climbed a wall to gain access and then drove their car in.

Chaos erupted between CBI, police and Enforcement Directorate teams, the media contingent and a group of slogan-shouting Congress workers. Finally, Chidambaram was arrested amid the ruckus and driven to the CBI headquarters.

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Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday underlined that India and Russia “walk together in the fight against terrorism,” reinforcing a decades-old strategic partnership that remains steady amid global geopolitical churn. The leaders issued the joint statement following talks at Hyderabad House in Delhi, where they also announced steps to boost trade, economic cooperation, and energy collaboration.

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PM Modi described President Putin as a “dear friend” and highlighted Moscow’s consistent support to India on counter-terror efforts. Russia had earlier strongly condemned the terror attack in Jammu and Kashmir’s Pahalgam, allegedly linked to Pakistan-based Jaish-e-Mohammed, and reiterated solidarity with India’s fight against terrorism in all forms.

The joint remarks emphasized that the bilateral friendship, rooted in trust and mutual respect, has remained resilient for decades despite global challenges.

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A key highlight of the engagement was Russia reaffirming “uninterrupted shipments” of fuel to India. PM Modi expressed gratitude for Russia’s commitment, noting energy cooperation as a crucial pillar of the relationship. While he did not specifically mention oil purchases, given ongoing Western pressure, he emphasised cooperation in civil nuclear and clean energy.

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RBI cuts repo rate to 5.25%, paving the way for cheaper loans

The RBI has cut the repo rate to 5.25%, aiming to support growth as inflation softens. The central bank also raised GDP projections and announced liquidity-boosting measures.

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Reserve Bank of India

The Reserve Bank of India (RBI) reduced the key repo rate by 25 basis points to 5.25% on Thursday, signalling relief for borrowers as banks are expected to offer lower EMIs on home and vehicle loans. Governor Sanjay Malhotra announced the move after the conclusion of the three-day Monetary Policy Committee (MPC) meeting.

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Malhotra said the decision was unanimous, with the central bank choosing to focus on supporting economic momentum despite concerns over a weak rupee. The repo rate was earlier cut in June from 6% to 5.5% amid easing inflation trends.

The RBI now projects Consumer Price Index (CPI) inflation at 2% for FY2025-26, significantly softer than earlier estimates. For the first quarter of FY2026-27, inflation is expected at 3.9%, lower than the previous projection. The governor noted that rising precious metal prices may contribute to the headline CPI, but overall risks to inflation remain balanced.

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IndiGo flight

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A passenger in Hyderabad recounted a similar ordeal, saying the flight was delayed indefinitely with no food, water, or updates from the airline. At the airport, some travellers blocked an Air India flight in protest over the lack of arrangements.

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Pune airport stated that parking bay congestion worsened the situation, as several IndiGo aircraft remained grounded due to lack of crew. Other airlines continued operations without disruption.

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