INX Media Case: SC Grants Bail to P Chidambaram
The Supreme Court on Wednesday granted bail to the former union finance minister in the INX Media case and he will finally walk out of Tihar Jail after over 100 days.
The top court granted bail on a bond of Rs. 2 lakh with two sureties each and asked Chidambaram not to leave the country without permission.
The court also said that the former minister will also not be able to make any public statements or give press interviews with regard to the case.
A bench headed by Justice R Banumathi on November 28 had reserved judgment on the appeal filed by Chidambaram, who has challenged the November 15 verdict of the Delhi High Court denying him bail in the case.
The Enforcement Directorate (ED) while arguing claimed in the top court that Chidambaram continues to wield “substantial influence” on crucial witnesses in the case even from the custody, while he argued that the agency cannot “destroy” his career and reputation via baseless allegations.
Solicitor General Tushar Mehta, while opposing the bail plea, appearing for the ED maintained that economic offences like money laundering are grave in nature as they not only affect the nation’s economy but also shake people’s faith in the system, especially when it is committed by those in power.
Senior advocates Kapil Sibal and AM Singhvi, representing the former minister, had countered Mehta’s submissions and said there was neither any evidence linking Chidambaram directly or indirectly with the alleged offence nor there was any material to show he had influenced witnesses or tampered with any evidence.