New Delhi, September 20: The Central Bureau of Investigation (CBI) on Friday opposed the bail plea of former Finance Minister P Chidambaram in the Delhi High Court in the INX Media case. The hearing on the bail plea is scheduled to be held on September 23. The investigative agency in its affidavit said that granting bail to the former Union minister would be against the policy of zero-tolerance on corruption, reported India Today. P Chidambaram's Health Deteriorating, No Pillow or Chair in Jail Cell: Counsel Tells Court Seeking Medical Examination.

The CBI in the Delhi High Court stated, “Probe held so far reveals that accused, while working as Finance Min, demanded illegal gratification against which payments were made in India and overseas to accused and his son K Chidambaram by Indrani Mukherjee and Pratim Mukherjee.” P Chidambaram to Remain in Tihar Jail as Delhi Court Dismisses His Plea to Surrender Before ED in INX Media Case.

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On Thursday, a special court in the national capital extended the custody of Chidambaram till October 3. The bench was asked by the prosecution to extend Chidambaram's custody as the investigation is at a critical stage, and the release of the senior Congress leader could hinder the course of the probe. P Chidambaram Turns 74 in Tihar Jail; Son Karti Writes Birthday Letter, Informs Him About Chandrayaan 2, Piyush Goyal's Gravity Gaffe - Read Full Text.

Chidambaram was arrested on August 21 by officials of the CBI. His plea challenging the arrest was rejected by the Supreme Court. Chidambaram was the Finance Minister when the Foreign Investment Promotion Board (FIPB) gave Foreign Direct Investment (FDI) clearance to INX Media in 2007. The CBI had registered an FIR on May 15, 2017. Thereafter, the ED lodged a money laundering case against him in the same year.

(The above story first appeared on LatestLY on Sep 20, 2019 09:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).