INX Media Case: Delhi High Court Reserves Order On Chidambaram’s Bail Plea
The Delhi High Court on Friday reserved order on bail plea of former finance minister P Chidambaram, arrested in the INX Media corruption case.
Justice Suresh Kait concluded the hearing on the petition filed by Chidambaram challenging the trial court's decision to deny him the bail.
Chidambaram, arrested on Aug. 21 by the Central Bureau of Investigation from his Jor Bagh residence, is in Tihar Jail under judicial custody till Oct. 3.
The CBI had registered an FIR on May 15, 2017, alleging irregularities in the Foreign Investment Promotion Board clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister.
Thereafter, the Enforcement Directorate lodged a money laundering case in this regard in 2017.