After more than a month, Chidambaram left Tihar jail — where he had been in judicial custody since September 5 — when he was formally arrested by the ED on October 16.
Congress leader P Chidambaram (File Photo: IANS)
The Supreme Court on Tuesday granted bail to former Finance Minister P Chidambaram in connection with the INX Media case registered by the CBI.
However, the top court said that Chidambaram will remain in the custody of the Enforcement Directorate (ED) till October 24 in the INX Media money laundering case.
The Supreme Court said that the former minister can be released provided he is not arrested in any other case and on the personal bond of Rs 1 lakh.
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Chidambaram has to make himself available for interrogation.
The 74-year-old Congress leader had been in Tihar jail since September 5. After more than a month, Chidambaram left Tihar jail when he was formally arrested by the ED on October 16.
His arrest came after a team of three ED officials interrogated him inside the Tihar jail.
A Delhi court had allowed the Enforcement Directorate to arrest the former finance minister in connection with the money laundering case.
The probe agency had approached the court seeking production warrant against Chidambaram in the INX media case.
Chidambaram is under probe by the Central Bureau of Investigation (CBI) and ED over alleged irregularities in the FIPB clearance granted to INX Media for receiving overseas funds of Rs 305 crore in 2007 during his tenure as Union Finance Minister.
The ED suspects the Congress leader and his son Karti of owning several immovable properties and over 16 bank accounts in other countries, which they are trying to identify to trace the money trail.
P Chidambaram and his son Karti were named by Peter and Indrani Mukerjea, who owned INX Media at the time and are currently in jail in connection with the murder of Indrani Mukerjea’s daughter Sheena Bora.
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