Former MD and CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar leave after being produced in the special CBI court in Mumbai on December 24, 2022. , Photo Credit: PTI
A special court in Mumbai on 24 December remanded former CEO and MD of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar to the custody of the Central Bureau of Investigation (CBI) till 26 December. In respect of alleged frauds and irregularities In loans sanctioned by the Bank to Videocon group companies.
Kochhar was arrested by the probe agency after brief questioning on Friday night.
The CBI has alleged that they were evasive in their response and were not cooperating with the investigation.
CBI names Kochhar and Venugopal Dhoot of Videocon Group as well as companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Ltd as accused under First Information Report (FIR) Was. Indian Penal Code (IPC) sections related to criminal conspiracy and provisions of the Prevention of Corruption Act in 2019.
The CBI has alleged that ICICI Bank had sanctioned a loan facility of Rs 3,250 crore to the Videocon group of companies promoted by Mr Dhoot in violation of the Banking Regulation Act, RBI guidelines and the bank’s credit policy.