Diabytes
Chanda Kochhar News
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On August 26, 2009, a Sanctioning Committee headed by Chanda Kochhar, MD sanctioned a Rupee Term Loan of Rs 300 crore to Videocon International Electronics Limited (VIEL) in contravention of rules and policies of the bank in criminal conspiracies with the co-accused persons dishonestly by abusing her official position as a public servant.
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A bench, headed by Justice Sanjiv Khanna, agreed to examine the CBI’s special leave petition against the Bombay High Court order confirming its earlier order granting interim bail to the Kochhar couple.
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The court also refused to accept the probe agency's contention that the arrest was made as the Kochhars were not cooperating with the probe and said the accused had a right to remain silent during interrogation.
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Let's take a closer look at Chanda Kochhar's background and the charges she is facing.
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Chanda Kochhar was MD and CEO of ICICI Bank between May 2009 and January 2019 in which capacity she was entrusted with the Bank's funds, the CBI told court.
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Chanda Kochhar and her husband Deepak Kochhar were arrested by the central probe agency in December last year in connection with the case.
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Dhoot resigned from the directorship of SEPL on January 15, 2009, by transferring his shares to Pinnacle Energy Trust managed by Deepak Kochhar.
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Dhoot had approached the high court on January 10 after the same bench granted bail to the Kochhars. The couple was arrested on December 23, 2022. Dhoot's advocate Sandeep Laddha had argued that Dhoot's arrest was unwarranted as he had cooperated in the probe. The CBI, however, opposed the same saying the Videocon Group founder had attempted to avoid the probe and hence the arrest was legal. The HC had heard the arguments and closed it for orders on January 13.
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The Kochhars were granted interim bail in the case on Monday. The Bombay High Court, while allowing interim relief to the former ICICI Bank CEO and MD and her husband, observed that it is incumbent upon the police not only to record reasons for arrest in writing but, even in cases, where the police choose not to arrest.
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The Kochhars were granted interim bail in the case on Monday. The Bombay High Court, while allowing interim relief to the former ICICI Bank CEO and MD and her husband, observed that it is incumbent upon the police not only to record reasons for arrest in writing but, even in cases, where the police choose not to arrest.
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A division bench of Justice Revati Mohite-Dere and Justice Prithviraj K. Chavan ruled that their arrest flouted the CrPC Section 41A which mandates sending a notice for appearance before the concerned police official.
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Dhoot was arrested by the CBI from Mumbai on Monday whereas the Kochhars were already in its custody. The federal probe agency has now got the three days custody of the accused, and will confront them with each other to make a water-tight case.
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The 71-year-old Dhoot was arrested from Mumbai. The CBI will produce him before a Special CBI court in Mumbai later in the day. The probe agency will seek his custodial remand.
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Chanda's arrest by the CBI marks yet another grisly end to what could have been a glorious banking career, ranks among several of the high-profile banking scams arising out of the lure of lucre that have rocked the Indian banking industry and she counts among a handful of shining top women bankers to crash under an eclipse of ignominy...
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Special court in Mumbai on Saturday remanded ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar.
The Kochhars were arrested by the probe agency on Friday night after a brief questioning session.
The CBI has alleged that they were evasive in their response and did not cooperate in the investigation.
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CBI will produce ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar at a Mumbai Special Court.
Agency will seek a police remand of both accused to interrogate them in connection with the case.
Both were accused in misappropriation and irregularities in loans sanctioned by the banks to Videocon Group companies.
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CBI today arrested former ICICI Bank CEO Chanda Kochhar, husband in loan fraud case.
59-year-old Chanda Kochhar had quit as CEO and managing director of ICICI Bank in October 2018.
A whistleblower had alleged that the Kochhar family benefited from the Videocon deal.
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Kochhar charged under PMLA.
ED arrested Deepak Kochhar in September 2020.
Criminal case for money laundering.
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Deepak Kochhar was arrested Monday under PMLA.
He was arrested in connection with the ICICI Bank-Videocon money laundering case probe.
Agency wants to put him under custodial interrogation.
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Kochhar was arrested by the agency in Mumbai under sections of the Prevention of Money Laundering Act (PMLA).
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