Former ICICI Bank CEO Chanda Kochhar, husband arrested for loan fraud

Former ICICI Bank CEO Chanda Kochhar, husband arrested for loan fraud
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New Delhi, Dec 23: Former ICICI Bank CEO Chanda Kochhar and her husband and businessman Deepak Kochhar were on Friday arrested by the CBI in connection with a loan fraud case involving bank officials and the Videocon Group.

“We have filed an FIR for the offence of forgery, cheating, using fake documents as genuine, hatching a criminal conspiracy and having common intention against the bank officials and the Kochhars,” a Central Bureau of Investigation (CBI) source told IANS. The source said that they will produce Kochhar and her husband before a court and will seek their custodial remand.

“We have also conducted search operations at their premises and have recovered a few documents connected to the case,” the source said.

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