Karti Chidambaram granted bail in INX media laundering case

images (18)The Delhi High Court on March 23 granted bail to Karti Chidambaram, son of former Finance Minister P Chidambaram, in the INX media money laundering case.

A bench of Justice SP Garg granted bail to Karti Chidambaram.

The CBI had contended that he 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.

On March 6, the Patiala House Court extended the CBI custody of Karti Chidambaram till March 9, 11 am. The CBI sought the permission to conduct a narco-analysis on Karti.

On February 28, former Union finance minister P Chidambaram’s son Karti Chidambaram was arrested in Chennai by Central Bureau of Investigation (CBI) from the airport in the INX media laundering case.

According to reports, Karti is accused to have received Rs. 300 crore from television company INX Media, now 9X Media, for foreign investment clearance, using the influence of his father, who was then the Union finance minister.