Solicitor General Tushar Mehta, appearing for the CBI and ED, told the bench that it was a case of money laundering of 'monumental magnitude'
The former Finance Minister said he has not been accused of any offence and there was no chargesheet filed
At his press conference, Chidambaram said neither he nor any member of his family had been accused of any offence in the INX Media case
Chidambaram, accompanied by the members of the investigation team, was brought to the CBI headquarters at around 10 Wednesday night
Once the formal order comes, he will replace Justice Manmohan Singh who joined as chairman on September 22, 2016 for a three-year term
P Chidambaram has already been subjected to custodial interrogation by the CBI for eight days since his arrest on August 21
On Thursday, the top court while extending Chidambaram's protection from arrest in the INX Media money laundering case, had asked the ED to submit the documents in sealed cover under its official seal
Apex court also scheduled to take up former union minister's plea against CBI custody on Monday
SC initially grants protection from jail till Thursday, later agrees to take up matter on Tuesday
Karti's comments come after his father P Chidambaram was arrested by the CBI from his residence over the INX media case
Mukerjea recorded her statement under the Prevention of Money Laundering Act (PMLA) and said she and her husband Peter Mukerjea met Chidambaram at his office in Delhi's North Block
During the court hearing, the prosecution said the investigation has revealed that a payment of $5 million US was made by INX Media case co-accused Indrani Mukherjea
He was produced before the special CBI court around 3 pm on Thursday, where a courtroom packed with advocates, mediapersons, and law interns awaited him
Opposition leaders criticised the "insulting" manner in which the CBI arrested Chidambaram in the INX Media case
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles
A bench comprising justices R Banumathi and A S Bopanna posted both the matters for hearing on Monday, August 26
A bench of Justices R Banumathi and A S Bopanna extended till Tuesday the protection from arrest granted to Chidambaram in the money laundering case as the hearing remained inconclusive in the matter
Senior Congress leader P Chidambaram has rejected allegations of money laundering and corruption.
Chidambaram's family appealed to the media to exercise restraint and uphold liberty and dignity
A bench of Justices R Banumathi and A S Bopanna heard arguments advanced by Solicitor General Tushar Mehta who said that Chidambaram was trying to play "victim card"