Mumbai, February 22: A look out circular has been issued by the Central Bureau of Investigation (CBI) against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon managing director Venugopal Dhoot. Last month, an FIR was registered for alleged corruption charges on Chanda Kochhar. Videocon Loan Case: Deepak Kochhar, Husband of ICICI Bank MD Chanda Kochhar, Slapped With Notice by I-T Department.
The alleged corruption case is in connection to the six loans amounting to Rs 1,875 crore. The loans were given to Videocon group in the year 2009-11, reported the Economic Times. The ED is extending the scope of the case to forex rules violations as there is possibility of wrongdoing in foreign exchange transactions. CBI Books Former ICICI Bank CEO Chanda Kochhar, Deepak Kochhar, Videocon MD Venugopal Dhoot for Irregularities in Loans Sanctioned.
Chanda Kochhar is also facing alleged corruption charges involving her husband and Videocon managing director Venugopal Dhoot in a quid pro quo case which came to be known as the ICICI-Videocon loan scam case amounting to Rs 3, 250 crore. It is alleged that Chanda Kochhar eased the norms for loans to the Venugopal Dhoot led Videocon group.
In January, the justice BN Srikrishna committee formed to look into the alleged quid-pro-quo case came to the conclusion that Kochhar violated the bank’s code of conduct. After the finding committee's report, Kochhar’s resignation came to be treated as termination by the bank and it revoked all her existing and future entitlements. Chanda Kochhar had expressed huge disappointment on her resignation being treated by the ICICI bank as termination.