Supreme Court grants bail to Chidambaram after 105 days in custody

The Supreme Court Of India granted bail to former finance minister and Congress leader P Chidambaram in the INX Media money laundering case. His bail comes after 105 days in custody.

The Supreme Court said Chidambaram should not tamper with evidence and not influence witnesses. He has also been asked to avoid giving press interviews related to the case. He was given bail on a personal bond worth Rs 2 lakh, with two sureties of the like amount.

His son and Congress MP Karti Chidambaram took to Twitter, saying “…At last after 106 days”.

A three-judge bench, headed by Justice R Banumathi and comprising Justices AS Bopanna and Hrishikesh Roy, set aside the Delhi High Court’s November 15 verdict denying bail.

The 74-year-old was arrested by the CBI on August 21 in the INX Media corruption case. On October 16 this year, the ED had taken him into custody and lodged him in Tihar jail.

The CBI had registered an FIR against Chidambaram on 15 May 2017, alleging irregularities in the Foreign Investment Promotion Board clearance provided to INX Media for receiving overseas funds when he was the finance minister. Following which, the ED registered a money laundering case in 2018.

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