SC grants bail to Chidambaram in CBI's INX Media case, to stay in ED custody

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New Delhi: The Supreme Court on Tuesday granted bail to Congress leader P Chidambaram in the INX Media case registered by the CBI. He had filed a plea challenging the Delhi High Court verdict denying him bail in the case. The Congress leader, however, continues to be in custody of Enforcement Directorate (ED) and cannot walk free immediately. This judgment of the top court will not have any bearing on the other case.

 

Chidambaram can be released provided he is not arrested in any other case and on the personal bond of Rs 1 lakh. Chidambaram has to make himself available for interrogation, the top court stated. On August 21, Chidambaram was arrested in connection with the case by the CBI, which has recently charge-sheeted him and others, including his son Karti. The CBI had registered an FIR on May 15, 2017, alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as the finance minister.

 

Thereafter, the ED lodged a money laundering case in this regard in 2017. The Congress leader approached the apex court challenging the September 30 verdict of the High Court which had dismissed his bail plea in the INX Media corruption case, filed by the CBI, saying the probe was at an advanced stage and the possibility of his influencing the witnesses cannot be ruled out.

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