The Delhi High Court granted bail to Karti Chidambaram, son of senior Congress leader P Chidamabaram, in the INX Media corruption case on Friday. According to reports, Karti has to furnish a bail bond of Rs 10 lakh.
#BREAKING -- Karti Chidambaram granted bail in the INX media case. Karti gets bail on Rs 10 lakh surety. He cannot leave the country and he cannot close any of his bank accounts | @SubhajitSG with more details #BailForKarti pic.twitter.com/Rn3M63yX5Z
— News18 (@CNNnews18) March 23, 2018
The order was delivered by Justice SP Garg who had reserved his verdict on 16 March after hearing arguments on behalf of Karti and the CBI, which had opposed grant of the relief to him.
The Central Bureau of Investigation contended that Karti should not be granted bail, as he has already destroyed evidence in the case and was an "influential" person.
Karti's counsel had argued that no case under the Prevention of Corruption Act was made out against him since the CBI had neither questioned any public servant, nor made them accused in the matter.
Karti's lawyers had denied allegations of tampering with evidence, and added that when the CBI itself hadn't sought his custodial interrogation, why should he be kept in judicial custody.
They also said that no one else has been arrested in the case and what the CBI has done is to put Karti behind bars.
Karti's lawyers further claimed that the CBI was trying to connect him with a private company, Advantage Strategic Consulting Pvt Ltd, which had received an alleged bribe amount of Rs 10 lakh, when he was in no way related to it.
Karti was arrested from Chennai on 28 February by the CBI on his return from the United Kingdom in connection with an FIR lodged on 15 May last year, alleging irregularities in a Foreign Investment Promotion Board clearance given to INX Media for receiving funds of about Rs 305 crore from overseas in 2007 when his father was the Union finance minister.
The CBI had initially alleged that Karti received Rs 10 lakh as a bribe for facilitating the FIPB clearance to INX Media. It had later revised the figure to $1 million (about Rs 6.50 crore at the current exchange rate and Rs 4.5 crore in 2007).
The fresh evidence in the case, which triggered Karti's arrest, was based on a statement of Indrani Mukerjea, former director of INX Media (P) Ltd, who recorded it under Section 164 of the CrPC before a magistrate on 17 February. Indrani is currently lodged in a Mumbai prison in connection with the case of murder of her daughter Sheena Bora.
With inputs from PTI
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Mar 23, 2018 14:51:13 IST