The Judge also directed him to deposit another sum of Rs. five lakh towards the compensation of the family of Muniraj,who died in the incident.
Shaji should also appear before the Anna Salai Traffic Investigation police daily at 10.30 am for a period of four weeks and also thereafter as and when required for interrogation.
The Judge also directed that Shaji shall not hamper the investigation and tamper the witnesses. Shaji who was arrested in Kerala State on the 13th June 2013 is in jail for the past more than 45 days.
On May 23, Shaji allegedly drove a car in a rash and negligent manner under the influence of liquor and ran over three children sleeping on the pavement.
A 13-year old boy was killed and another critically injured in the incident.
Shaji, declared a proclaimed offender by a court in Chennai after he went absconding, was arrested by Tamil Nadu police in Kochi on June 13 when he arrived from Colombo by a flight.
The Madras high court and Kerala high courts had earlier rejected Shaji's anticipatory bail applications.