The CBI on Friday issued a lookout notice against former CEO of ICICI bank Chanda Kochhar in ICICI-Videocon case. The case pertains to Rs 3,250-crore loan discrepancy involving the Videocon Group and the ICICI Bank.
On Jan 23, the premier investigating agency had registered the case and conducted searches at four places the following day. CBI was planning to issue summons to Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group MD Venugopal Dhoot, and others in the case.
Kochhar has been accused of allegedly approving loans to private companies in a criminal conspiracy with other accused to defraud ICICI Bank.
It is important to note that newly appointed CBI Director Rishi Kumar Shukla after taking charge had earmarked ICICI-Videocon case among the top five cases to be probed on a priority.
—India Legal Bureau
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