Guwahati: The Central Bureau of Investigation(CBI) arrested the former managing director and chief executive officer of ICICI Bank and her husband Deepak Kochhar in connection with an alleged ICICI Bank-Videocon money laundering case.
The claims that Chanda Kochhar who was the CEO of ICICI Bank at the time sanctioned a loan for the Videocon Group of Companies were confirmed by a senior executive.
Further allegations included that Videocon invested in a business owned by her husband Deepak Kochhar as a form of payment.
When Chanda Kochhar was the bank’s head, the ICICI loaned Rs 3,250 crore to the Videocon Group which is owned by businessman Venugopal Dhoot.