Explained: What Led To Former ICICI Bank CEO Chanda Kochhar’s Arrest

The News Craving

By Ritika Jain Days after being remanded to CBI custody, ex-ICICI head Chanda Kocchar and her husband Deepak sought to quash the case against them. However, the Bombay High Court’s vacation bench was disinclined to hear the plea observing there was no pressing urgency for a hearing. The Kocchars plea may be heard on January 2 once the court reopens after winter break. The Kocchars arrest comes three years after the Central Bureau of Investigation (CBI) filed an FIR accusing the duo of cheating and irregularities pertaining to a 2012 loan to the Videocon Group. CBI on December 26 arrested Video…

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