Giving a clean chit to the finance minister at the time of controversial allocation of 2G spectrum in 2008, special CBI Judge O P Saini, said Chidambaram was party to only two decisions – keeping spectrum prices at 2001 level and dilution of equity by two companies – which "are not per se criminal".

Apart from being a matter of relief personally for Chidambaram, today's verdict is also the first good tidings for the UPA Government that has been battered by a series of judicial pronouncements in the recent days in the 2G and other issues.

The special court said that in the absence of any other incriminating act on his (Chidambaram) part, it cannot be said that he was acting in pursuit of the criminal conspiracy.

"There is no evidence on record that he was acting in pursuit of the criminal conspiracy, while being party to the two decisions regarding non-revision of the spectrum pricing and dilution of equity by the two companies.

"Accordingly, I do not find any sufficient ground for proceeding against P Chidambaram. The plea is without any merit and the same is dismissed," the judge said in his 64-page order rejecting the private criminal complaint filed by Janata Party President Subramanian Swamy.

While the verdict was hailed by Congress Party and ministers, Swamy expressed "dissatisfaction" saying the judge has made an "error" and he would challenge it in higher courts.

The judge said there is no evidence on record to suggest that there was an agreement between Chidambaram and Raja to subvert telecom policy and obtain pecuniary advantage for himself or for any other person.

"There is no evidence of any substantive act being committed by him," the court said.

"A bit of evidence here and a bit there does not constitute prima facie evidence for showing prima facie existence of a criminal conspiracy. Anybody and everybody associated with a decision in any degree cannot be roped as an accused," the judge said while dismissing Swamy's complaint.

The special judge, who was left by the Supreme Court on Thursday to decide the plea to try Chidambaram in the case, distinguished his role from that of Raja.

The court said Chidambaram did not act in a malafide manner in the fixation of spectrum price at 2001 rate and in permitting the dilution of equity as alleged by Swamy.

"There is no material on record to show that P Chidambaram was acting malafide in fixing the price of spectrum at the 2001 level or in permitting dilution of equity by the two companies.