Loan Fraud: Ex-ICICI Bank CEO Chanda Kochhar, Husband Arrested

The CBI has arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in connection with alleged fraud and irregularities in loans sanctioned to the group by the bank in 2012.

CBI names Chanda Kochhar, her husband and Videocon Group’s Venugopal Dhoot along with Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Ltd as accused in the FIR registered under IPC sections related to criminal conspiracy Was.

It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in NuPower after the Videocon group got a loan of Rs 3,250 crore from ICICI Bank in 2012.

The CBI, after registering the FIR in 2019, had said in a statement that it was alleged that the accused had sanctioned certain loans to private companies in a criminal conspiracy to defraud ICICI Bank.

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