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INX media case: Former director Peter Mukerjea gets regular bail

According to the case, excess Foreign Direct Investment was approved by INX Media (P) Ltd without the approval of the Foreign Investment Promotion Board which was allegedly scuttled by Karti Chidambaram by influencing public servants from various government departments by virtue of his relationship with the then Finance Minister P. Chidambaram

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Photo for representational purpose

Photo for representational purpose

A Delhi Court on Saturday granted regular bail to former media baron Peter Mukerjea, in connection with an alleged criminal conspiracy involving former Union Finance minister P. Chidambaram, his son Karti and others in relation to foreign direct investment to a firm, INX Media, in 2007.

The special CBI judge M.K. Nagpal granted the bail to Mukerjea, who was the erstwhile director and Chief Operating Officer of INX Media.

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