INX media: Chidambaram denies using public fund for personal gain, says not a bank fraud case
Congress leader P Chidambaram, arrested in the INX Media corruption case, on Monday denied that he used the office of the finance minister for personal gain.
Chidambaram's lawyer have submitted a rejoinder in Delhi High Court stating that 'there is no loss to the public exchequer in this case. No public funds were involved in this case and it is not a case of bank fraud or taking money out of the country'
"It is denied that the accused who held a very high and influential office of the finance minister of the country used the same for personal gains as well as in connivance with his co-conspirators," the rejoinder stated.
Calling CBI's claim that he was a flight risk as "preposterous", Chidambaram told the Delhi High Court that there was no possibility of him ecading the "process of law" as a lookout circular (LOC) has already been issued agaisnt him.
"preposterous to even allege fligt risk and that he can evade from the process of law as LOC against the accused is already issued."
The CBI in its reply on Friday opposed Chidambaram''s bail plea in the corruption case, saying it is a "gravest case of economic offences" and the magnitude of financial embezzlement and misuse of high public office disentitles him for any relief.
Justice Suresh Kait is scheduled to hear Chidambaram's bail plea later in the day.
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