Saturday, January 28, 2023

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Ex-ICICI Bank CEO Chanda Kochhar, Husband arrested by CBI in Videocon loan case

New Delhi: Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI on Friday in connection with alleged cheating and irregularities in loans sanctioned by the bank to the Videocon group in 2012.

Chanda Kochhar was accused of misusing her position in the ICICI bank in granting loans to Videocon group promoter Venugopal Dhoot in 2009 and 2011.

The CBI had booked Chanda Kochhar, her husband and Venugopal Dhoot of Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act, officials said, as reported by news agency PTI.

It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupower months after the Videocon Group got Rs 3,250 crore as loan from ICICI Bank in 2012, they said.

It was alleged that the accused sanctioned certain loans to private companies in a criminal conspiracy with others to cheat ICICI Bank, the CBI had said in a statement after filing of the FIR in 2019.

As per media reports, Chanda Kochhar was earlier arrested by Enforcement Directorate in connection with the same case in 2021.

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