CBI Files Chargesheet Against Kochhars & Dhoot In Bank Loan Fraud Case

New Delhi: The Central Bureau of Investigation (CBI) has filed the first chargesheet against former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a Rs 3,250-crore loan fraud case.

PTI quoted officials as saying that the chargesheet has been filed under sections 120B (criminal conspiracy) and 409 (criminal breach of trust) of IPC and provisions of Prevention of Corruption Act, among others.

Nine entities, including companies and individuals, have been named in the chargesheet.

The CBI has moved to file its final report before a special court in Mumbai without the mandatory requirement of sanction to prosecute Chanda Kochhar from ICICI Bank, officials informed.

The bank’s response to a letter seeking sanction is awaited.

The special CBI court is yet to take cognisance of the chargesheet as it waits for the sanction before initiating the trial, if warranted.

The Kochhars were arrested on December 23 last year for alleged irregularities in ICICI’s loans to six firms of the Videocon Group, while Dhoot was arrested three days later for a disguised payoff to Deepak Kochhar.

The Kochhars were granted bail by Bombay High Court on January 9, and Dhoot on January 20.