High drama unfolded in New Delhi late Wednesday as officers from India's equivalent of the United States Federal Bureau of Investigation scaled the walls of a former finance minister's home to arrest him on corruption charges, local media reported.

Earlier in the day, India's Central Bureau of Investigation (CBI) had alerted airports to prevent Palaniappan Chidambaram, finance minister from 2004-2008 and again from 2012-2014, from leaving the country.

Chidambaram, 73, earlier this week failed to secure bail and had not been seen since Tuesday, until he showed up at the headquarters of the opposition Congress party on Wednesday to proclaim his innocence.

At a news conference, he called his accusers “pathological liars”.

Driving then to his home in the upscale Jor Bagh neighbourhood, he was tailed by around 30 CBI officers who knocked at the doors before scaling the boundary walls, the Press Trust of India reported.

Once three officers were inside, they opened the gates to allow team members to enter, while others rushed to the backdoor to secure all exit points, PTI reported.

Chidambaram has been charged in relation to alleged kickbacks and money laundering involving a media company when he was finance minister under former premier Manmohan Singh.