Twitter
Advertisement

Huge relief for Karti Chidambaram in INX Media case; Delhi High Court grants bail

In a major relief to Karti Chidambaram, son of former Union Minister P Chidambaram, the High Court on Friday granted a bail to him in connection with the INX Media case filed by the Central Bureau of Investigation (CBI).

Latest News
article-main
FacebookTwitterWhatsappLinkedin

In a major relief to Karti Chidambaram, son of former Union Minister P Chidambaram, the High Court on Friday granted a conditional bail to him in connection with the INX Media case filed by the Central Bureau of Investigation (CBI).

Karti has been granted bail on a surety of Rs 10 lakh.

However, he cannot travel out of the country or cannot influence witnesses or close bank accounts.

On March 15, the Supreme Court gave interim protection to Karti from arrest in connection with the case. He now cannot be arrested until March 26 by the Enforcement Directorate (ED).

Karti is being investigated by the CBI and ED for his alleged role in the INX Media case.

Karti was arrested on his return from the UK at the Chennai airport on February 28 and later sent to the probe agency's custody.

Karti is accused of receiving kickbacks a decade back to clear foreign investment into INX Media group, using the influence of his father P. Chidambaram, who was then the Union finance minister.

In his plea, Karti claimed that he had never attempted to influence witnesses, tamper with documentary evidence, pollute or obstruct the judicial process as was alleged by the probe agency.

Earlier, he sought bail from the court alleging that the CBI was acting at the behest of the Centre to malign the reputation of his father during whose tenure Foreign Investment Promotion Board (FIPB) clearance was granted to the INX Media group.

The CBI had lodged an FIR on May 15 last year alleging irregularities in the FIPB clearance to INX Media for receiving overseas funds to the tune of Rs 305 crore in 2007 when P Chidambaram was the Union finance minister.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement