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 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 case relates to the 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.
The financial probe agency had questioned yje Kochhars in the national capital last month for five times.
The two main group companies - Videocon Industries Ltd (VIL) and Videocon Telecommunication Ltd. (VTL) - owe Rs.59,451.87 crore and Rs.26,673.81 crore, respectively or a staggering Rs.86,125.68 crore to Indian banks, led by the State Bank of India (SBI).
Under the CBI lens for alleged quid pro quo in receiving a loan from ICICI Bank, Videocon Group Chairman Venugopal…
Coming to the defence of its CEO Chanda Kochhar, ICICI Bank Chairman M K Sharma on Thursday said the board…
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Shares of various firms, led by Jindal Steel, on Monday fell by up to 2.3 per cent amid reports that…
Videocon Mobiles on Monday launched an affordable “Metal Pro 2” smartphone with 2GB RAM and Android 7.0 Nougat operating system…
