New Delhi: The Delhi High Court rejects the regular bail petition of Congress leader P Chidambaram in the INX media case. Chidambaram, 74, is currently lodged in Tihar jail. 

Solicitor General Tushar Mehta who argued against the release of Chidambaram, described the former finance minister as a flight risk . Mehta had reasoned that Chidambaram could flee the country because he was accused of a serious offence. 

The CBI case relates to charges of irregularities in the grant of Foreign Investment Promotion Board clearance to INX Media for receiving overseas investment to the tune of Rs 305 crore in 2007, when Chidambaram was finance minister in the Congress-led United Progressive Alliance (UPA) government.

Mehta had contended that there was “enough evidence” to show that co founders of the INX Media group which include Indrani and Peter Mukerjea met Chidambaram back in 2007-08 and that the former minister had asked them to take care of the business interests of his son.

The CBI, however, contended that it has access to a large number of emails exchanged between representatives of INX Media group and firms linked to Karti Chidambaram.