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Ex-ICICI Bank CEO Chanda Kochhar’s Husband Arrested In ICICI-Videocon Loan Case

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Deepak Kochhar, the husband of businessman and former CEO of ICICI Bank, Chanda Kochhar, has been arrested by the Enforcement Directorate in an alleged money laundering case. The arrest has been made on the deal between the bank and Videocon Group.

Deepak Kochhar was being questioned in this case from Monday afternoon, later he was arrested in the night. Significantly, the investigating agency had registered a criminal case against Chanda Kochhar, her husband Deepak and Videocon Group’s Venugopal Dhoot early last year under the Prevention of Money Laundering Act.

The case was registered for alleged irregularities in the loan of Rs 1875 crore sanctioned by ICICI Bank. The Central Bureau of Investigation (CBI) last year, former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group MD Venugopal A notice was issued against Dhoot and prohibited him from going abroad.

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This step was taken so that the accused in the case of alleged corruption in sanctioning a loan of Rs 1875 crore for Videocon Group, could not escape from the country.

News Source: NDTV

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