The Delhi High Court on Friday granted bail to Karti Chidambaram in the INX Media money laundering case. The Delhi HC had reserved its verdict on March 16 after hearing arguments on behalf of Karti, and against him by the CBI which had opposed the grant of bail to him.
The central probe agency had contended that he should not be granted bail as he has already destroyed evidence in the case and was an influential person.However, Karti’s lawyers had denied allegations of tampering with evidence and added that when the CBI had not sought his further custodial interrogation, why should he be kept in judicial custody.They further claimed that no one else has been arrested in the case and what the CBI has done is to is to put Karti behind bars.Karti Chidambaram has been accused of getting government clearance for foreign investments worth around Rs. 300 crores in television company INX Media in exchange for bribes in 2007, when his father P Chidambaram was the Union Finance Minister. INX Media owner Indrani Mukherjee made the confessional statement on February 17 in this case and Karti was arrested on the same basis.CBI arrested Karti Chidambaram from Chennai airport on March 1 at the airport after returning from Britain.