The Supreme Court on Wednesday granted former Union finance minister P Chidambaram bail in the INX Media case lodged by the Enforcement Directorate (ED).
The case was heard by a bench of justices R Banumathi, AS Bopanna and Hrishikesh Roy. Chidambaram has been in custody for 105 days since his arrest.
The CBI was investigating Chidambaram in a case relating to alleged irregularities in 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 the finance minister.
He was granted bail by the top court’s bench of three judges on October 22. But by that time, the Enforcement Directorate had arrested him in the money laundering case.