ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar likely to be released today
Chanda Kochhar and her husband Deepak Kochhar were arrested in connection with an alleged multi-crore money laundering scam.
Chanda Kochhar and her husband Deepak Kochhar were arrested in connection with an alleged multi-crore money laundering scam.
Kochhar's advocate Amit Desai argued that Chanda had voluntarily sent an email to CBI saying that she is willing to come and explain everything but didn't get any response for one week.
The Kochhars nabbed on December 23 and Dhoot arrested on December 26, was produced before a Special Central Bureau of Investigation Court
The case is related to alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to the Videocon Group between 2009 and 2011.
On December 23, CBI had arrested Chanda Kochhar and Deepak Kochhar. The couple is scheduled to remain in CBI custody till today (December 26).
The CBI arrested the couple on Friday in connection with the alleged ICICI Bank-Videocon money laundering case. The CBI lawyer in the court said that they have arrested accused number four and five, as per the First Investigation Report registered with them.
The CBI lawyer in the court said that they have arrested accused number four and five, as per the First Investigation Report registered with them.
The charges levelled by the Enforcement Directorate (ED) against the Kochhar family is that of illegal sanctioning of loans worth Rs 1,875 crores by ICICI bank to Videocon Group, during the tenure of Chanda Kochhar between June 2009 and October 2011.
The former banker moved the high court on November 30, 2019, challenging the termination of her employment after ICICI bank-Videocon case came to light.
The ED alleges that Kochhar, while heading ICICI Bank, illegally routed crores of rupees to NuPower Renewables Ltd, a company run by her husband.
