In Brief
P. Chidambaram sought anticipatory bail in a money-laundering investigation relating to alleged irregularities in Foreign Investment Promotion Board approvals involving INX Media. The Enforcement Directorate contended there was cogent evidence of financial impropriety requiring custodial interrogation. The Supreme Court held that given the collected materials and investigation stage, anticipatory bail was not warranted. The court applied the principle that reasonable grounds must exist to believe the accused is not guilty and unlikely to commit offences before bail is granted in such cases.
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