CBI closes in on Chanda Kochhar, husband in ICICI Bank-Videocon loan case

Chanda Kochhar showed dishonesty by abusing her official position in sanctioning a loan in favour of Videocon International Electronics, the CBI said

The Central Bureau of Investigation (CBI) has named ICICI Bank’s former managing director and chief executive officer (MD and CEO) Chanda Kochhar and her husband Deepak Kochhar, along with his firms, as “accused” in the Rs 3,250-crore Videocon loan case. 

The first information report (FIR) registered on Thursday said the accused, including Videocon Industries (VIL) and its chairman and MD, Venugopal Dhoot, sanctioned certain loans to private companies in a criminal conspiracy and cheated ICICI Bank to the tune of Rs 1,730 crore.

Explaining the modus operandi, the CBI said ICICI Bank sanctioned credit facilities of Rs 3,250 crore to