INX media corruption case: Supreme Court grants Chidambaram bail, but he will still be in jail
INX media corruption case: Supreme Court grants Chidambaram bail, but he will still be in jail
Two months after his arrest, senior Congress leader P Chidambaram was on Tuesday granted bail by the Supreme Court in the INX Media case. The former Union minister will, however, continue to remain in jail. he Supreme Court on Tuesday granted bail to senior Congress leader and former finance minister P Chidambaram in the INX Media corruption case lodged by the CBI. The relief from the Supreme Court for Chidambaram came on Tuesday -- around two months after he was arrested. A bench headed by Justice R Banumathi set aside the Delhi High Court's September 30 verdict denying bail to Chidambaram in the case. Chidambaram will make himself available for interrogation as and when called by the probe agency, the SC said.
Chidambaram will, however, continue to remain in jail as he is presently in the custody of the Enforcement Directorate (ED). The bench granted bail to Chidambaram on a personal bond of Rs 1 lakh with one surety of the like amount. The SC also added that Chidambaram be released on bail if not required in any other case. The bench made it clear that Chidambaram will not leave the country without prior permission of the court and make himself available for interrogation as and when called by the probe agency. The bench clarified that its observation in the order granting bail to Chidambaram in the INX media corruption case would not have any bearing in other pending cases against him. The top court also dismissed the CBI's plea challenging the findings of the high court which had said that Chidambaram was not a flight risk and cannot tamper with the evidence. The bench also said the high court should not have gone into the merits of the case while deciding Chidambaram's petition.
Case timeline
August 20: Delhi High Court dismisses anticipatory bail application of P Chidambaram. CBI gets non-bailable warrant from the court.
August 21: CBI arrests Chidambaram from his residence
August 22: CBI produces him in the court and is remanded to the agency custody.
September 5: Special Court sends P Chidambaram to Tihar Jail for fourteen days.
September 30: Delhi High Court rejects his bail application.
October 15: A special court allows ED to interrogate P Chidambaram inside Tihar Jail and if need be arrest him.
October 16: ED questions him inside Tihar Jail and place him under arrest in INX Media case.
October 17: Court gives ED custodial remand of former finance minister till 24 October
October 18: CBI files chargesheet against P Chidambaram and thirteen others in INX Media case
October 21: CBI court accepts agency's chargesheet and summons P Chidambaram for October 24.
October 22: P Chidambaram granted bail by Supreme Court.
Chidambaram was arrested in connection with the graft case on August 21 by the CBI, which has recently chargesheeted him and others, including his son Karti and some bureaucrats, for causing loss to the exchequer by allegedly committing offences under the Prevention of Corruption Act and the Indian Penal Code. Chidambaram is presently in the custody of the Enforcement Directorate (ED) in the INX Media money laundering case. The CBI had registered an FIR on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as the finance minister. Thereafter, the ED lodged a money laundering case in this regard in 2017. The 74-year-old senior Congress leader had approached the apex court challenging the September 30 verdict of the high court which had dismissed his bail plea in the INX Media corruption case, filed by the CBI, saying the probe was at an advanced stage and the possibility of his influencing the witnesses cannot be ruled out. Senior advocates Kapil Sibal and A M Singhvi, appearing for the senior Congress leader, had argued in the top court that Chidambaram should be granted bail in the case as he was neither a 'flight risk' and nor there was any possibility of him tampering with the evidence.