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Chanda Kochhar's arrest in loan fraud case amounted to abuse of power by CBI: HC

"Such routine arrest without application of mind and due regard to the law amounts to an abuse of power," the court said.

Chanda Kochhar and Deepak Kochhar.
Published on Feb 19, 2024 01:58 PM IST
PTI |

How an ICICI Bank manager plotted 2.5 crore heist to meet business targets

ICICI Bank branch manager in Rajasthan withdrew the money from customer accounts to open new fixed deposits, current and savings accounts and meet his targets.

ICICI Bank branch manager and his accomplices in Rajasthan met their performance targets for five years by withdrawing money from the accounts of customers.(REUTERS)
Updated on Feb 15, 2024 04:35 PM IST

Chanda Kochhar’s arrest in ICICI-Videocon loan case was illegal: Bombay HC

CBI has alleged that ICICI Bank sanctioned ₹3,250 crore to Videocon Group companies, violating banking regulations, RBI guidelines, & the bank’s credit policy.

Chanda Kochhar, former CEO& MD of ICICI Bank. (File Photo)
Updated on Feb 06, 2024 04:54 PM IST
BySahyaja MS

HC reserves order in Chanda Kochhar’s plea questioning her arrest

Former CEO of ICICI Bank, Chanda Kochhar, has petitioned the Bombay High Court questioning her arrest in connection with alleged irregularities in loans provided to Videocon Group firms. The court has reserved its order on the matter. Kochhar and her husband were arrested in December 2022 but were later released on bail. Kochhar's counsel argued that the arrest was illegal, while the CBI countered by stating that documents could be presented to prove non-cooperation. The CBI had filed charges against Kochhar and others in July 2022.

HT Image
Updated on Jan 24, 2024 08:58 AM IST
BySahyaja MS

ICICI Bank Q3 results: Net profit surges to record high on strong loan growth

ICICI Bank Q3 results: Strong loan growth boosts ICICI Bank's Q3 profit to record high.

FILE PHOTO: A bird flies past the facade of the ICICI bank head office in Mumbai, India, April 21, 2023.(REUTERS)
Updated on Jan 20, 2024 04:21 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar
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