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Justice Suresh Kait denied bail to the Congress leader, saying there is no chance of tampering with evidence but there is a possibility that Chidambaram can influence witnesses.
Chidambaram, who is in custody since his arrest by the CBI on August 21, did not approach the trial court and had directly filed the regular bail plea in the high court.
He was arrested from his Jor Bagh residence here and is in Tihar Jail under judicial custody till October 3.
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Thereafter, the ED lodged a money laundering case in this regard in 2017.