SC grants bail to P Chidambaram in INX media case- Enterprise Information

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SC grants bail to P Chidambaram in INX media case- Business News

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A Delhi courtroom on Monday had taken cognisance of a chargesheet filed by the CBI within the INX Media case towards Chidambaram and 13 others BusinessToday.In   New Delhi     Final Up to date: October 22, 2019  | 10:49 IST In a giant reduction to the previous finance minister and senior Congress chief P Chidambaram, the Supreme Courtroom on Tuesday granted bail to him within the INX Media case registered by the CBI. The Supreme Courtroom on October 18 had reserved verdict on Chidambaram’s plea towards the Delhi Excessive Courtroom order denying him bail within the case.A Delhi courtroom on Monday additionally took cognisance of a chargesheet filed by the CBI within the INX Media case towards Chidambaram and 13 others. They’ve been accused of varied offences, together with these below the Prevention of Corruption Act.Additionally learn: INX media case: CBI information chargesheet towards P Chidambaram, 13 othersThe probe company has claimed within the ultimate report that Chidambaram “misused his official place”, in conspiracy along with his son Karti and others, in approving an FDI proposal of INX Media and INX Information Pvt Ltd in lieu of “unlawful gratification” in India and thru offshore funds. Chidambaram, 74, was arrested by the CBI on August 21 and is lodged in Tihar jail below judicial custody within the corruption case. The CBI had registered an FIR on Could 15, 2017, alleging irregularities in a International Funding Promotion Board (FIPB) clearance granted to the INX Media group for receiving abroad funds of Rs 305 crore in 2007, throughout Chidambaram’s tenure because the finance minister. Thereafter, the Enforcement Directorate (ED) lodged a money-laundering case on this regard in 2017.ALSO READ:INX Media case: ED interrogates P Chidambaram at Tihar jailALSO READ:Aircel-Maxis case: HC seeks response of Chidambaram, son on ED’s plea difficult anticipatory bail

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