SC Sets Aside CBI’s Review Petition against Bail Grated to P Chidambaram in INX Media Case

By Sharvari Lohakare

On Thursday, the Supreme Court with through the bench of justices R Banumathi, AS Bopanna and Hrishikesh Roy dismissed the review petition filed by the Central Bureau of Investigation against the order which granted bail to former Union Minister P Chidambaram.  The bench clarified that after going through the review petition and connecting papers carefully it is convinced that the concerned order did not suffer from any error. Last year on October 22 the Supreme Court granted P Chidambaram bail in the case registered by the CBI for alleged offences under Prevention of Corruption Act in relation to INX Media transaction. Chidambaram could not get released then as he was under custody in a case registered by the Enforcement Directorate for alleged offences under the Prevention of Money Laundering Act. On December 4, the Supreme Court granted him bail in the case registered by the ED overlaying his release after 104 days of custody.

Chidambaram was arrested last year by the CBI on August 21 in the corruption case which was registered on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during his tenure as a finance minister.

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