HC denies bail to P. Chidambaram in Money Laundering case

SCL : Where petitioner (P. Chidambaram) sought for grant of bail as he was remanded to judicial custody for offence under section 3 of PMLA pertaining to grant of an FIPB approval in 2007-08, it was held that prima facie, allegations were serious in nature and petitioner had played active role in instant case which involved economic offences and, therefore, bail was not to be granted to petitioner

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