INX Media cases: Delhi HC to pronounce order on Chidambaram’s bail pleas

The Delhi High Court will on Tuesday pronounce its verdict on the anticipatory bail pleas of former Union finance minister P Chidambaram in cases related to the alleged INX Media scam.

Justice Sunil Gaur, who will deliver the judgement, had reserved the order on January 25.

In 2007, the Central Bureau of Investigation (CBI) had registered an FIR alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister.

Based on the FIR, the Enforcement Directorate (ED) had filed a Prevention of Money Laundering Act (PMLA) case against him.