Police arrested former Indian Finance Minister P. Chidambaram late on Wednesday (August 21) in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest.
During the raid, the Federal Bureau of Investigation scaled the walls of a former finance minister’s home to arrest him on corruption charges, local media reported. Chidambaram was arrested by federal police on a warrant issued by a competent court, a spokesman for the Central Bureau of Investigation (CBI) said.
The CBI and Enforcement Directorate – India’s financial crime fighting agency – have alleged that Chidambaram abused his official position while he was finance minister. Officials have also alleged Chidambaram was involved in money laundering and conspired around the approval of a telecommunications deal in 2006.
Chidambaram denied any wrongdoing, speaking at a news conference hours before his arrest. Chidambaram, who served twice as finance minister in the previous Congress party-led coalition that ran India for a decade, has approached India’s top court seeking to appeal the High Court ruling rejecting his application to prevent an arrest.
The Supreme Court is due to hear his petition on Friday.
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