New delhi sources stated that the Supreme Court on Friday reserved judgment on a plea of former Union Minister and Congress leader P chidambaram against the order of delhi High Court that dismissed his bail petition in the INX media case. Meanwhile a bench headed by Justice R Banumathi reserved the judgment on the bail hearing plea after hearing arguments from the counsels of chidambaram and CBI.
Furthermore Solicitor General Tushar Mehta, representing the CBI, said, "Illegal investment comes into INX and that the investment also goes out without permission (downstream) and there was a downstream investment into other companies of INX without any application. A very scientific and professional investigation has resulted in this charge sheet."
Mehta added "Sometimes, the position of the accused is such that his presence is enough to influence and intimidate the witnesses, where at least till some part of the trial is conducted and some material witnesses are examined, the court will face this situation. chidambaram should not be granted bail till some of the crucial witnesses are examined in trial in INX media case. Hence this is not a usual bail application”. Perhaps Lawyer Kapil Sibal, appearing for Chidambaram, said that putting a person in jail for a longer period of time and incarcerating him does not do any good to criminal jurisprudence.