SC Grants Bail to Chidambaram in INX Media case

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The Supreme Court of India granted bail to former Union Minister P Chidambaram on Tuesday in the INX Media case probed by the Central Bureau of Investigation.

Although this is the first bit of good news for the former minister but it does not, however, mean that Chidambaram could walk out of jail right away as he is also under arrest in a related case being investigated by the Enforcement Directorate and is being grilled by officials of the federal agency mandated to probe money laundering. The Congress leader was last remanded in ED custody till October 24.

A bench led by Justice R Banmathi, which had heard Chidambaram’s appeal against the rejection of bail by the high court, has ordered that the former home and finance minister should produce a bail bond of Rs. one lakh and two sureties. He will also have to deposit his passport with the special court if not already done so far.

The top court’s ruling on his appeal sets aside the high court verdict that had taken a view that as a former minister, the Congress leader could influence witnesses in the case.

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