P Chidambaram gets bail from Supreme Court: Karti Chidambaram

Karti Chidambaram took to Twitter Minutes after the Supreme Court granted bail to former finance minister P Chidambaram

Karti Chidambaram took to Twitter Minutes after the Supreme Court granted bail to former finance minister P Chidambaram in the INX Media case.

A top court bench of justices R Banumathi,Hrishikesh Roy,and AS Bopanna granted P Chidambaram bail and said the “complicity of accused will have to be established in trial.”

The court said Chidambaram has to cooperate with the investigation and cannot leave country without permission by special judge. The bench also said a bail bond of Rs 2 lakh has to be executed with two sureties

The Central Bureau of Investigation had arrested Chidambaram on August 21 in the INX Media case from his house in Delhi’s Jor Bagh. Initially,he was in police custody and was later sent to Tihar Jail.

Chidambaram was granted bail in the CBI case by the top court on October 22.The ED had arrested the senior Congress leader before the bail under the Prevention of Money Laundering Act also in the INX Media case.

The INX Media case is related to alleged irregularities in Foreign Investment Promotion Board clearance granted to the INX Media group in order to receive overseas funds in 2007 to the tune of Rs 305 crore. Chidambaram was the finance minister during the period.

The ED in its investigation had allegedly found documents linking INX Media to a company associated with P Chidambaram’s son Karti. In 2018, the ED Lodged separate case against P Chidambaram under the PMLA.

During the hearing of the case in Supreme Court, P Chidambaram’s lawyer Kapil Sibal said that the 74-year-old was being portrayed as the kingpin in the case only because he is the father of Karti, who is also an accused in the case.

The central government had opposed the bail plea saying that P Chidambaram wields substantial control over crucial witnesses who are afraid to testify against him.

Back to top button