India’s former finance minister P Chidambaram arrested

Former Indian finance minister P Chidambaram was today (Aug. 21) arrested in connection with a corruption and money laundering case. The case involves alleged irregularities in the foreign investment promotion board’s (FIPB) nod for the media venture INX Media to receive overseas funds worth Rs305 crore ($42.8 million) in 2007, when Chidambaram was finance minister. The Central Bureau of Investigation (CBI) arrested Chidambaram from his residence in New Delhi after he made a dramatic appearance at the All India Congress Committee (AICC) headquarters in the capital at 8.15 pm local time, around 24 hours after he went incommunicado following the rejection of his anticipatory bail by the Delhi high court.