Kochhars, Dhoot in custody till January 10 in loan fraud case

MUMBAI: A specific CBI courtroom right here on Thursday sent previous ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon team founder Venugopal Dhoot to judicial custody until January 10 in relationship with a personal loan fraud scenario.
The Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday. Dhoot was arrested on Monday. The a few had been produced right before unique decide S H Gwalani at the close of their earlier remand on Thursday.
The CBI, represented by distinctive public prosecutor A Limosin, did not seek their custody further more.
The court docket then despatched all the three accused to judicial custody till January 10, 2023.
The CBI had named the Kochhars and Dhoot, alongside with organizations Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy Personal Limited (SEPL), Videocon International Electronics Ltd (VIEL) and Videocon Industries Confined, as accused in its FIR registered in 2019 beneath Indian Penal Code sections relevant to legal conspiracy and the Prevention of Corruption Act.
The CBI has alleged that ICICI Bank experienced sanctioned credit history services to the tune of Rs 3,250 crore to corporations of the Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI pointers, and credit rating coverage of the lender.