P Chidambaram Gets Bail In INX Case, To Walk Out Of Jail Soon: 10 Updates

P Chidambaram Bail:The Congress leader was first arrested by the CBI on August 21 in the INX Media corruption case and was granted bail by the Supreme Court on October 22.The Enforcement Directorate arrested him on October 16 in the money-laundering case.

P Chidambaram, ex-Union Minister, has spent 105 days in prison in connection with INX Media case.

Highlights

  • P Chidambaram gets bail from top court in INX Media money-laundering case
  • He can't travel without permission, must go for questioning when required
  • He also can't make any public statements on the case or give interviews
New Delhi: P Chidambaram will walk out of jail after almost three months after the Supreme Court granted him bail today in the INX Media money laundering case. The former union minister has spent 105 days in prison, mostly in Delhi's Tihar Jail. Mr Chidambaram cannot travel without permission and has to appear for questioning whenever required, the top court said, asking him to submit a bond of Rs 2 lakh. The senior Congress leader also cannot make any public statements on the case, give interviews or contact witnesses. Mr Chidambaram, a Congress member of the Rajya Sabha, will attend parliament tomorrow at 11 am, his son Karti Chidambaram said.

Here are the top 10 updates on P Chidambaram getting bail in INX Media case:

  1. P Chidambaram, 74, had challenged the Delhi High Court's decision denying him bail. The Supreme Court today criticised the High Court for making observations on the merits of the case and noted that the "triple test" was found in the politician's favour - that he was not absconding, not tampering with evidence and he was cooperating with investigators. The top court, which observed that economic offences are grave in nature, said "grant of bail is rule and refusal is exception".

  2. In the previous hearing, Mr Chidambaram had complained, "the high court denies me bail saying that releasing me will send a wrong signal, as if I am some Ranga Billa," referring to a pair of killers hanged for the kidnapping and murder of two siblings in Delhi in 1982.

  3. Among the first to react was Mr Chidambaram's son, who is also an accused in the case. "Phew, at last after 106 days," tweeted Karti Chidambaram, with a smiley. The BJP's Sambit Patra jibed that Mr Chidambaram had joined the "OOBC (Out On Bail Club)" of the Congress.

  4. Congress leader Rahul Gandhi tweeted: "Mr P Chidambaram's 106-day incarceration was vengeful & vindictive. I'm glad that the SC has granted him bail. I'm confident that he will be able to prove his innocence in a fair trial." Senior Congress leaders including Sonia Gandhi had visited Mr Chidambaram in jail in a show of support. Last month, Rahul Gandhi and Priyanka Gandhi also visited him.

  5. During the arguments, the Enforcement Directorate (ED) had claimed that the former finance minister continues to have "substantial influence" on crucial witnesses in the case even from custody. Mr Chidambaram argued that the agency cannot destroy his career and reputation by making baseless allegations.

  6. Mr Chidambaram was arrested on August 21 by the CBI, which is investigating allegations that as Finance Minister of the country in 2007, Mr Chidambaram facilitated a huge infusion of foreign funds into the company INX Media founded by Peter and Indrani Mukerjea.

  7. The Enforcement Directorate arrested him on October 16 in connection with money-laundering allegations linked to the case. Mr Chidambaram is accused of creating a web of shell companies and several foreign bank accounts to launder money.

  8. At Tihar Jail, Mr Chidambaram was given a separate cell, a western toilet, home-cooked food and medicines, following a Delhi High Court order. He had requested bail to fly to Hyderabad for the treatment of a stomach ailment but was denied it.

  9. Investigating agencies repeatedly opposed his bail arguing that economic offences like money laundering are grave in nature as they affect the nation's economy and also shake people's faith in the system, especially when it is committed by people in power.

  10. Mr Chidambaram's party colleagues and senior lawyers Kapil Sibal and AM Singhvi, maintained that there was neither any evidence linking Mr Chidambaram with the alleged offence nor any material to show he had influenced witnesses or tampered with any evidence.



More News