SC Grants Bail To Chidambaram In CBI's INX Case; Still In ED Custody

Law & Order

P Chidambaram has been granted bail by the SC in the INX Media case registered by the CBI, however, the former Finance Minister is still under the ED custody

Written By Aishwaria Sonavane | Mumbai | Updated On:

P Chidambaram has been granted bail by the Supreme Court in the INX Media case registered by the CBI. However, the former Finance Minister is still under the custody of the Enforcement Directorate (ED) till October 24 in the same case. P. Chidambaram would be released, if he is not arrested in any other case, on the personal bond of Rs. 1 lakh rupees. 

However, despite the bail, the Supreme Court has imposed certain restrictions on Chidambaram. The senior Congress leader is not allowed the leave the country without the prior permission of the Apex Court, he also has to co-operate with the investigation when summoned by the probe agencies and cannot try to influence the probe in any way. This is the first time, since Chidambaram's dramatic arrest on August 21, that any sort of relief is coming for the senior Congress leader in the INX Media case.  

READ| CBI: 'Karti Chidambaram influenced public servants in INX media case'

CBI probe 

The bench clarified that its observation in the order granting bail to Chidambaram in the INX Media corruption case would not have any bearing on other pending cases against him. The CBI said that it was probing a "larger nexus" allegedly involving the former Finance Minister in approving illegal proposals during his tenure in the UPA regime. Chidambaram, along with 13 others accused in the INX media case was detailed in the CBI charge sheet filed on October 18. 

Here are the list of people chargesheeted:

  • INX media PVT Ltd presently 9X Media Ltd
  • INX news PVT Ltd presently Direct News PVT Ltd
  • Karti Chidambaram 
  • Chess Management Services Pvt Ltd
  • Advantage Strategic Consulting Pvt Ltd
  • Ajit Kumar Dungdung, Section Officer FIPB, Ministry of Finance 
  • Rabindra Prasad, then under Secy FIPB Unit
  • PK Bagga, then OSD, DEA, Finance Ministry 
  • Prabodh Saxena, then Director FIPB, Finance Ministry 
  • Anoop K Pujari, then Joint Secy, DEA, Finance Ministry 
  • Sindhushree Khullar, then Additional Secy, DEA, Finance Ministry 
  • Bhaskararaman, CA
  • Peter Mukerjea, then Director INX media
  • P. Chidambaram, then Finance Minister

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.

READ| Karti Chidambaram grilled by ED, says 'Came to say hello for Dussehra'

The 74-year-old senior Congress leader had 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.

Senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for the senior Congress leader, had argued in the top court that Chidambaram should be granted bail in the case as he was neither a 'flight risk' and nor there was any possibility of him tampering with the evidence.

(With PTI inputs) 

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