Chanda Kochhar's brother-in-law allowed to visit US by Delhi court
A Delhi court Thursday allowed former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar, a suspect in a bank loan fraud and money laundering case, to travel abroad for 10 days.
Special Judge Anju Bajaj Chandna allowed Rajiv to travel to New York on a personal bond of Rs 10 lakh and directed the Enforcement Directorate (ED) to suspend the look out circular (LOC) till then.
The court kept his application, seeking cancellation of LOC, for hearing on June 3 after ED's special public prosecutor Nitesh Rana said the agency needed time to file a detailed reply on the issue.
Chanda and her husband Deepak along with Rajiv have been questioned by the ED which is probing the case under the Prevention of Money Laundering Act (PMLA).
In his application, moved by senior advocate Sidharth Luthra, Rajiv said his "younger son is studying in New York University and has his 'graduating ceremony' on May 21 and 22 in New York, USA. The occasion marks an important and significant day/event in the life of the son and the applicant..."
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