The Supreme Court on Wednesday granted bail to Congress leader and former Finance Minister P Chidambaram in the INX Media case lodged by the Enforcement Directorate (ED). Chidambaram, who's currently lodged in Tihar jail, has been in custody since his dramatic arrest televised live by a team of Central Bureau of Investigation officers late on August 21.
Economic offenses fall under the category of grave offenses but bail should not get denied in all economic offenses, said Justice AS Bopanna who read out the verdict for the three-judge bench.
The top court’s order implies that the former finance and home minister can soon walk out of Tihar prison. The bench led by Justice R Banumathi, which accepted his appeal for bail on Wednesday in the case probed by the Enforcement Directorate, had earlier in October granted him bail in a related case investigated by the Central Bureau of Investigation.
The court order also explicitly mentioned that Chidambaram should not attempt to influence the witnesses or tamper with the evidence.
In his arguments for bail, P Chidambaram who had represented by senior lawyers Kapil Sibal and Abhishek Singhvi had contended that the serial arrests by the two federal agencies timed to prolong the time spent in judicial custody.