Picture courtesy indiatribune.com
Mumbai: The Central Bureau of Investigation (CBI) on Friday arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak in connection with a loan fraud case.
CBI has been investigating the case related to loans sanctioned to Videocon when Kochhar was at the helm of the private bank.
CBI has accused Chanda of criminal conspiracy and cheating for alleged irregularities in a loan of Rs 3,250 crore given in 2012 to Videocon Group, which became a non-performing asset for ICICI Bank.
A whistleblower alleged that Chanda’s husband Deepak and her family members benefited from the dealings.
In an FIR registered under IPC sections related to criminal conspiracy and provisions of Prevention of Corruption Act, CBI had named Chanda, Deepak and Venugopal Dhoot of Videocon Group, along with some companies — Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited — as accused.
The 59-year-old Chanda quit as CEO and MD of ICICI Bank in October 2018 following allegations that she favoured Videocon Group, a consumer electronics company and oil and gas exploration firm vis-à-vis lending practices.
Also Read: Money Laundering Case: Ex-ICICI Bank CEO Chanda Kochhar Granted Bail
Mumbai: With the Bharatiya Janata Party (BJP), Shiv Sena and the NCP alliance emerging victorious…
Balasore: The driver of a container truck was charred to death after the vehicle caught…
Nuapada: At least 80 people were arrested during a massive crackdown on illegal gambling activities…
Bhubaneswar: The Odisha government has transferred Special Secretary, Planning and Convergence, Chitra Arumugam and posted…
Sambhal: A violent clash erupted in Uttar Pradesh’s Sambhal on Sunday after a group opposed…
Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…
Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…
Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…