SC Grants Bail To P Chidambaram In INX Media Money Laundering Case

Publish On: 04 Dec, 2019 12:22 PM | Updated   |   Sj Desk  

Congress veteran leader and former Finance Minister P Chidambaram will come out from the Tihar jail after 105 days as Supreme Court, on Wednesday, granted bail in the INX media money laundering case.

A three-judge bench comprising of Justices Hrishikesh Roy, AS Bopanna and Justice R Banumathi granted bail to the 74-year-old former Union finance minister on a personal bond of Rs 2 lakh with two sureties of like amount. 

On August 21, he was arrested by the CBI in the INX-Media corruption case. The Enforcement Directorate had arrested him on October 16 in the money-laundering case.

The apex court has asked him to surrender his passport and he cannot leave the country without the prior permission of the court. SC has also barred him from giving interviews to media with regard to this case.

A case was registered against Chidamabaram by the Central Bureau of Investigation (CBI) on May 15, 2017, alleging irregularities in a FIPB clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007. He was the then finance minister. Thereafter, the ED lodged a money-laundering case.

Senior Congress leader Shashi Tharoor, however, said “justice delayed is justice denied”, adding, “this should have been granted much earlier”