SC Grants Bail To Chidambaram in INX Media Case

P Chidamabaram - Sakshi Post

New Delhi: Senior Congress leader P. Chidambaram got a sigh of relief as the Apex Court granted bail to him in the INX Media corruption case lodged by the CBI. He was in Tihar jail from last two months and the Supreme Court delivered judgement on the plea by Chidambaram's counsel challenging the Delhi High Court's verdict denying him bail in the case.

Though he got bail on Tuesday, he has to continue to stay in jail as he is presently in the custody of the Enforcement Directorate. It has to be recalled that the CBI has arrested the former Finance Minister P Chidambaram on 21 August in connection with the graft case, which was chargesheeted recently along with his son Karti Chidambaram and others.

Chidambaram and others were accused of causing loss to the exchequer by allegedly committing offences under the Prevention of Corruption Act and the Indian Penal Code. Chidambaram is presently in the custody of the Enforcement Directorate (ED) in the INX Media money laundering case.

The CBI had registered an FIR on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to 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.

Also Read: ED Arrests Chidambaram in Tihar Jail In INX Media Case

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