Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI on Friday in a case linked to alleged irregularities in an over ₹ 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
She has been accused of criminal conspiracy and cheating by the CBI for alleged irregularities in a loan of ₹ 3,250 crore in 2012 to the Videocon Group, which became a non-performing asset for the ICICI Bank.
A whistleblower alleged that Ms Kochhar’s husband Deepak Kochhar and her family members benefited from the dealings.