P Chidambaram fails to get immediate relief from Supreme Court in INX Media case, plea likely to be heard on Friday; Lookout notice issued

New Delhi: The Chief Justice of India on Wednesday refused to put a stay on the arrest of former finance minister P Chidambaram in the INX media case.

The Supreme Court will now hear Chidambaram's plea for protection against arrest on Friday.

The senior Congress leader, who is missing for nearly a day, faces arrest after the Delhi High Court on Tuesday turned down his plea for anticipatory bail.

Also read: Chidambaram is behaving like Vijay Mallya, Nirav Modi by not cooperating with probe agencies: BJP

From Tuesday night till Wednesday morning, two separate teams of Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) reached his residence in Delhi's Jor Bagh. However, the teams were unsuccessful in meeting the Congress leader.

ED issued a lookout notice against Chidambaram on Tuesday evening shortly after teams found the latter to be untraceable.

Earlier, in the day, a bench headed by Justice NV Ramana referred Chidambaram`s plea to Chief Justice of India, Ranjan Gogoi, stating that the CJI can put a stay on his arrest .

Also read: All about INX Media case in which P Chidambaram is facing the heat

Meanwhile both the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have filed caveats in the Supreme Court over Chidambaram`s plea seeking protection from arrest in the INX media case. Following this, the SC will not be able to pass any order on Chidambaram's plea without hearing the investigating agencies.

The probe agencies are still clueless about the whereabouts of Chidambaram.

Chidambaram and his son Karti Chidambaram are being probed by ED and in the INX Media case.

On May 15, 2017, the CBI had registered an FIR in the case alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007, during Chidambaram`s tenure as the finance minister. Karti Chidambaram has also been probed by the CBI for allegedly taking money to facilitate the FIPB clearance to INX Media in 2007.

The ED had registered a PMLA (Prevention of Money Laundering Act) case based on FIR by the CBI and alleged that irregularities took place in the FIPB clearance to INX Media.

CBI had registered an Enforcement Case Information Report (ECIR), the ED's equivalent of a police FIR, against the accused named in a CBI complaint, including Karti Chidambaram, INX Media and its directors Peter and Indrani Mukerjea.