India News

INX Media case: HC grants bail to Karti Chidambaram

The CBI strongly opposed his bail plea and said, Karti was a "very influential" person and allege that he had already destroyed evidence in the case. 

Published: 23rd March 2018 04:13 PM  |   Last Updated: 24th April 2018 06:14 PM   |  A+A-


NEW DELHI: The Delhi High Court granted bail to Karti Chidambaram in the INX Media money laundering case lodged by the Enforcement Directorate (ED). His bail was granted on a surety of Rs 10 lakh. 

The son of senior Congress leader P Chidambaram, was granted bail on certain conditions: 

  • He should not  travel outside the country
  • He should not attempt to close his bank accounts
  • While out on bail, Karti should not tamper with any evidence in the case  

The Central Bureau of Investigation (CBI) strongly opposed his bail plea. The CBI said, Karti should not be granted bail as he had "already destroyed evidence" and that he was a "very influential" person. His lawyers denied allegations of tampering with evidence.

Karti’s lawyers claimed that the CBI was trying prove his connection with Advantage Strategic Consulting Pvt Ltd, a private company, which allegedly received a bribe of Rs 10 lakh, despite not being related to it. 

The CBI had initially alleged that Karti received Rs 10 lakh as a bribe for facilitating the FIPB clearance to INX Media. later, it revised the figure to $1 million.

Karti was arrested in Chennai soon after he returned from United Kingdomon on February 28, based on the statements of INX Media promoters Peter and Indrani Mukerjea.

They have alleged that Karti received a bribe of Rs.3 crore at the instance of his father, the then finance minister, who was in charge of the Foreign Investment Promotion Board.

 Indrani Mukerjea is currently in the Mumbai prison in connection with her daughter, Sheena Bora's murder case.


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