Karti Chidambaram gets bail in INX Media corruption case

Henrietta Strickland
March 24, 2018

The bail has been granted on surety of Rs 10 lakh and he can not travel out of the country.

Following is the chronology of events of the INX Media corruption case in which Congress leader and former Union Finance Minister P Chidambaram's son Karti Chidambaram was on Friday granted bail by the Delhi High Court.

The court also ordered Karti, who was arrested from Chennai airport on February 28 on his arrival from the United Kingdom, not to close any of his bank accounts in India or overseas without prior intimation to the CBI. His 12-day judicial custody was to expire tomorrow in connection to the case.

Feb 28: Karti is arrested by the CBI at the Chennai airport and brought to Delhi. However, ASG Tushar Mehta had submitted that Karti was not cooperating with the investigating agencies.

The court further said that there was incriminating evidence of nexus that sought to push foreign investment to INX Media but not sufficient to deny him bail.

Karti is alleged to have received Rs 3.5 crore from Mumbai-based INX media for helping it get the FIPB clearance when it was run by the Peter and Indrani Mukherjea - both accused in the Sheena Bora murder case.

The figure was, however, revised later to about Rs $1 million or 6.5 crore at the current exchange rate. Indrani is now lodged in a Mumbai prison in connection with the case of murder of her daughter Sheena Bora.

Karti Chidambaram was arrested in February for allegedly taking money to facilitate Foreign Investment Promotion Board (FIPB) clearance to INX Media in 2007 when his father was the Finance Minister in the United Progressive Alliance government.

9 March: Special court sends him to three more days of police custody in the CBI case. In its 27-page order, the High Court said no explanation has been offered by the CBI for the "inordinate delay in lodging the FIR".

Other reports by Click Lancashire

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