February 06, 2024 09:14 pm | Updated 10:13 pm IST - MUMBAIThe Bombay High Court on Tuesday ruled the arrest of ICICI Bank’s former Managing Director and Chief Executive Officer Chanda Kochhar, and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in the Videocon loan case as illegal. Borkar confirmed to grant the couple interim bail on January 9, 2023. Giving the verdict, the Bench rejected CBI’s arrest reasons memo in December 2023 that non-cooperation and non-disclosure of true facts of the case. Also Read | Explained | What is the Videocon-Chanda Kochhar case all about? The couple was arrested by CBI for alleged irregularities in a loan of ₹3,250 crore granted to the Videocon Group in the year 2012.

Source: The Hindu February 06, 2024 17:17 UTC