Former Indian finance minister Chidambaram arrested in corruption case

NEW DELHI: Police arrested former Indian finance minister P. Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest.

Chidambaram was arrested by federal police on a warrant issued by a competent court, a spokesman for the Central Bureau of Investigation said.The CBI and Enforcement Directorate - India's financial crime fighting agency - have alleged that Chidambaram abused his official position while he was finance minister. Officials have also alleged Chidambaram was involved in money laundering and conspired around the approval of a telecommunications deal in 2006.

After the press conference, in dramatic scenes televised across Indian media, police officers reached Chidambaram's residence and jumped over the wall to enter the premises. He was then taken away in a car that his party supporters tried to stop briefly, local media reported. The allegations in the case centre around the role of Chidambaram, who is a senior leader of the Congress party that is now in opposition, his son Karti Chidambaram, and several former government officials, in approving the acquisition of telecoms firm, Aircel Ltd, by a Malaysian firm, Maxis Bhd.The individuals accused in the case face charges of"abuse of official position and criminal conspiracy in giving illegal approval," a CBI official told reporters last month.

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