arrest

The CBI had alleged that ICICI bank had sanctioned credit facilities to the tune of INR 3,250 crore to the companies of Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank

In connection with the alleged fraudulent loans sanctioned by ICICI Bank for Videocon Group, the Central Board of Investigation (CBI) on Friday arrested Chanda Kochhar the former bICICI Bank CEO, MD , and her husband Deepak Kochhar.

In addition to the Kocchars, the CBI had named Venugopal Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, 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 in 2019, they said.

The CBI had alleged that ICICI bank had sanctioned credit facilities to the tune of INR 3,250 crore to the companies of Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank.

(more to come)