Supreme Court on Tuesday granted bail to former Finance Minister P Chidambaram who had been in judicial custody in Tihar jail since September 5 in the INX Media Case. The senior Congress leader will now be placed under the custody of Enforcement Directorate till October 24.
The three-judge Supreme Court bench headed by Justice R Banumathi granted bail setting aside the verdict of the Delhi High court on September 30 denying bail to Chidambaram in the corruption case.
The apex court ordered Chidambaram to be released forthwith provided he is not required to be place in custody in any other case. The orders said that the senior Congress leader cannot leave the country without obtaining prior permission of the court and make himself available for the interrogation as and when required by the probing agencies.
Senior advocate Kapil Sibal representing Chidambaram had earlier told the court that the former Finance Minister had lost his weight from 73.5 kgs to 68.5 kgs over the period of 43 days that he spent in jail.
During his stay in Tihar jail the former Finance Minister was allowed to have home-cooked food, western toilet, a separate cell, and medicines. He was allowed to meet his family members for half an hour every day.
P Chidambaram was arrested on August 21 over allegations on the former Finance Minister that he took kickbacks for FIPB (Foreign Investment Promotion Board) clearance for the FDI of INX media during his tenure as the Union Finance Minister in the UPA regime.
The money was allegedly routed through companies in which his son Karti Chidambaram had high stakes.