He has been arrested in connection with the INX media case
Central Bureau of Investigation (CBI) has arrested India's former Finance Minister P Chidambaram, reports Scroll.in.
Teams of CBI and Enforcement Directorate reached his Delhi residence and arrested him on Wednesday night in connection with the INX media case.
The arrest came immediately after the Congress leader addressed a press conference from the party’s headquarters in New Delhi.
Earlier on Tuesday, the Delhi High Court had rejected the leader’s anticipatory bail plea, after which he immediately moved the Supreme Court.
The top court, however, listed the Congress leader's appeal for Friday.
Chidambaram has been accused of facilitating a huge infusion of foreign funds into a television company, INX Media, in 2007 on the behest of his son Karti Chidambaram, who allegedly received kickbacks for this, reports NDTV.
During that time, Chidambaram was India's finance minister in the UPA government.
He and his son were named by Peter and Indrani Mukerjea, who owned INX Media at the time and are currently in jail in connection with the murder of Indrani Mukerjea's daughter Sheena Bora.
Mr Chidambaram has denied the allegations, saying the case is politically motivated.