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HC: No intervention in Kochhar couple case

The vacation bench of the high court has also asked them to approach the regular bench when court re-opens after vacation.

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Mumbai: The Bombay High Court on Tuesday refused to intervene in the case of former ICICI Bank MD and CEO Chanda Kochhar and Deepak Kochhar’s arrest.

The vacation bench of the high court has also asked them to approach the regular bench when court re-opens after vacation.

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The court was hearing a petition field by Kochhar challenging their arrest by CBI in the ICICI loan fraud case.

Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI over irregularities in loans granted to the Videocon Group, when she was in charge.

Back in 2018, Chanda Kochhar was forced to step down after facing accusations of following lending practices that were biased in favour of consumer electronics and gas exploration firm Videocon.

Irregularities were detected in loans worth more than Rs 3,000 crore, and Deepak Kochhar, along with other family members, benefited from the transaction under Chanda Kochhar’s watch.

On Monday, CBI made the third arrest in the case with Videocon CEO, Venugopal Dhoot’s arrest.

Trio was yesterday remanded into CBI custody till December 28.

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