INX Media case : SC grants bail to P Chidambaram after 105 days in jail

New Delhi: The Supreme Court on Wednesday granted bail to Congress leader and former Union Finance Minister P Chidambaram in the INX Media money-laundering case lodged by the Enforcement Directorate.

The bail has been granted on a personal bond of Rs 2 lakh with two sureties.

The top court said, Chidambaram could not leave the country without prior permission of the court and neither try to influence the witnesses nor tamper with evidence.

Arrested by CBI on August 21, Chidambaram has been in custody for the last 106 days.

The Delhi High Court had, on November 15, dismissed his bail plea. P Chidambaram sought bail in a case pertaining to the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of ₹305 crore in 2007 during his tenure as the finance minister.

CBI had registered a corruption case in this regard in May 2017. Later that year, the ED also lodged a money laundering case.

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