SC grants bail to Chidambaram in INX Media money laundering case

The Supreme Court on Wednesday granted bail to Congress leader P Chidambaram in a money laundering case related to INX Media and directed that he could not leave the country without its prior permission nor speak to the media.
Chidambaram, who has been in custody for 105 days, should neither try to influence witnesses nor tamper with evidence, the court said while setting aside the Delhi High Court November 15 verdict denying the former Union finance minister bailA three-judge bench, headed by Justice R Banumathi, granted the relief to the 74-year-old Congress leader on a personal bond of Rs 2 lakh with two sureties of the like amountThe bench, also comprising Justices A S Bopanna and Hrishikesh Roy, restrained Chidambaram from giving any press interview or making any statements with regard to the caseThe top court, which observed that economic offences are grave in nature, said “grant of bail is rule and refusal is exception”Chidambaram has been custody since August 21 when he was arrested by the Central Bureau of Investigation (CBI) in the INX Media corruption case. On October 16, the Enforcement Directorate arrested him in the money-laundering case. Six days later, on October 22, the apex court granted him bail in the case lodged by the CBI.The bench said its order would not have any bearing on other accused in the case and Chidambaram would have to join further investigations if asked by the probe agencyHolding that the high court was justified in considering the gravity of offence while denying Chidambaram bail, the apex court disapproved of the manner in which the high court had made observations with regard to merits of the caseIt said the gravity of the offences are to be examined by the court on the basis of facts and circumstances of each and every caseThe bench said it was initially not inclined to open the sealed cover material placed before it by the ED. But since the high court had perused the material, it was imperative for the top court to go through the documents, it saidAfter pronouncing the verdict, it directed the apex court registry to return the sealed cover material back to the EDThe apex court made it clear that its order would not be construed to be the findings on merits of the caseThe court said the alleged complicity of Chidambaram in the case would be examined during the trial The apex court passed the judgement on the appeal filed by Chidambaram challenging the November 15 Delhi High Court verdict .During arguments in the top court, the ED claimed that Chidambaram continued to wield “substantial influence” on crucial witnesses in the case even while in custody.