Karti Chidambaram, arrested in corruption Case, gets Bail
After 23 days in custody, Karti Chidambaram, the son of former Union minister P Chidambaram, got bail today. The 46-year-old businessman was arrested on March 1 from Chennai airport minutes after he de-boarded an incoming flight from London. He has been accused of getting government clearance for foreign investments worth around Rs. 300 crore in television company INX Media in exchange for bribes in 2007.
Investigators said he used the influence of his father, who was the Union Finance Minister in the UPA government.
Officials of the Central Bureau of Investigation, which is handling the case, had said Karti Chidambaram was not cooperating with the investigators. They wanted to keep him in custody and question him.
The former minister and his son have called the arrest a case of "political vendetta". Karti Chidambaram has told the court that he was being targetted since he was the son of a politician.
Investigators said he used the influence of his father, who was the Union Finance Minister in the UPA government.
Officials of the Central Bureau of Investigation, which is handling the case, had said Karti Chidambaram was not cooperating with the investigators. They wanted to keep him in custody and question him.
The former minister and his son have called the arrest a case of "political vendetta". Karti Chidambaram has told the court that he was being targetted since he was the son of a politician.