Chidambaram Moves Delhi HC For Bail  

New Delhi: Former finance minister P Chidambaram on Wednesday has moved the Delhi High Court seeking bail in the INX media case. He was granted bail on Tuesday by the Supreme Court.

The Enforcement Directorate has taken his custody till October 24. He was arrested by the CBI on August 21.

The case was registered on May 15, 2017 alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as finance minister.

The CBI on October 18 filed its charge sheet naming Chidambaram and several others as accused in the INX media corruption case.

The trial court took cognisance of the charge sheet on October 21 and subsequently, on October 22, the apex court granted him regular bail in the matter.

The senior Congress leader has sought bail in the money laundering case, saying the apex court has held that he is neither a "flight risk" nor is there a possibility of "his absconding from the trial".

He has further contended that one of the conditions imposed on him while being granted anticipatory bail in the Aircel Maxis case was that he cannot leave the country without informing the trial court.

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