SC grants bail to Chidambaram in INX Media money-laundering case

New Delhi: The Supreme Court granted bail to Congress leader P Chidambaram on Wednesday in the INX Media money-laundering case.

A three-judge bench, headed by Justice R Banumathi, granted bail to the 74-year-old former Union finance minister, who has been in custody for 105 days since August 21 when he was arrested by the CBI in the INX Media corruption case.

Chidambaram was first arrested by the CBI on August 21 in the INX Media corruption case and was granted bail by the top court on October 22.

The ED had arrested him on October 16 in the money laundering case.

The CBI registered its case on May 15, 2017, alleging irregularities in an FIPB clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram’s tenure as finance minister.

Thereafter, the ED had lodged a money-laundering case.