In a dramatic turn of development, CBI arrested Chanda Kochhar former CEO and MD, ICICI Bank and her husband Deepak Kochhar for allegedly cheating, and for irregularities in loans sanctioned by the bank to the Videocon group, a consumer electronics and oil and gas exploration company, in 2012.

Earlier, CBI had booked Chanda Kochhar, her husband and Venugopal Dhoot of Videocon Group, alongwith companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act.

In the FIR the CBI has accused Videocon promoter Venugopal Dhoot of allegedly investing crores of rupees in Nupower months after the Videocon Group got Rs 3,250 crore as loan from ICICI Bank in 2012, the officials said.

Reportedly, in a statement, CBI had attributed that in the FIR also alleged that the accused person sanctioned certain loans to private companies in a criminal conspiracy with others to cheat ICICI Bank.

Notably, in October 2018, Chanda Kochhar had quit as CEO and MD of ICICI Bank following allegations levelled against her for favouring Videocon Group, while granting loans.

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