Supreme Court grants Chidambaram bail in INX Media case

The Supreme Court on Tuesday granted bail to former union finance minister P. Chidambaram in the INX Media corruption case.

A three-member apex court bench led Justice R.Banumathi passed orders to this effect. Chidambaram will have to surrender his passport and submit himself for investigations when required.

The former union minister will also have to submit personal bail bonds of one lakh and two sureties of the same amount. He cannot leave the country without the permission of the trial court


The bail order does not have any immediate effect since Chidambaram is now in the custody of the Enforcement Directorate in a related money laundering case. He will need bail in that case too to be a free man.

Chidambaram has been charged with bribery and corruption in the INX Media case for clearing a foreign investment deal for the company in 2007 allegedly on a quid pro quo for shell companies associated with his son Karti Chidambaram. Karti is also on bail in this case.