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Former Indian Finance Minister Palaniappan Chidambaram has been arrested for corruption and money laundering, BBC News reported

Based on the allegations made, cases of laundering of foreign investments in exchange for bribes when he was the Finance Minister are being investigated.

Chidambaram, 73, denies the allegations.

He was arrested by the Central Bureau of Investigation and was taken away in the presence of crowds of his supporters and the media.

Palaniappan Chidambaram is one of the key figures of the Indian opposition party Indian National Congress and a member of parliament. Since 1984, he also served as head of the country's Interior Ministry.

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