Karti Chidambaram, son of former Finance Minister P Chidambaram was granted conditional bail by the Delhi High Court on Friday in the INX Media Case. He can't influence witnesses or close his bank accounts.
August 10: Madras High Court stays the LOCs issued against Karti and four others. Under the bail bond, he is not allowed to travel out of the country.
The INX media case which resulted in the involvement of Karti Chidambaram was, Peter and Indrani Mukherjee the owners of INX media were given foreign investment f around Rs 300 crore and for this, they needed a clearance from Foreign Investment Promotion Board (FIPB).More news: Toys R Us champion Larian steps forward with $100M
Karti denied the allegations, saying he was in no way related to the firm.
February 16: Karti's CA S Bhaskararaman arrested for allegedly assisting him to manage his "ill-gotten wealth" in India and overseas. Karti was in the police custody for 12 days. He was arrested by CBI from Chennai airport when he returned from London, and was brought to Delhi.
March 5: Karti challenges in the Supreme Court the summons issued to him by the Enforcement Directorate in the money laundering case.More news: Formula One: Daniel Ricciardo's grid penalty for red flag infringement
His 12-day judicial custody was to expire on March 24. Subsequently, on the same day he moves Delhi High Court seeking bail in the corruption case.
The counsel for Karti rejected all the apprehensions of tampering with the evidence to seek the bail and asserted that there is no reason to keep him in prison when no further custodial interrogation has been sought by the probe agency.
The recent course of the case is that the statement of Indrani Mukherjee, former director of INX Media (P) Ltd, triggered the recent arrest of Karti Chidambaram.More news: Pogba: 'It would be a pleasure to play with Neymar'
Justice SP Garg said that there seems to be no possibility of Karti fleeing from justice as he has a family to take care of, has roots in the society and is not a previous convict.