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ICICI-Videocon loan case: CBI issues lookout notice against former CEO Chanda Kochhar

File photo: Chanda Kochhar. Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Feb 22, 2019, 01.01 PM (IST)

The Central Bureau of Investigation issued a lookout notice against former CEO of ICICI Bank Chanda Kochhar on Friday.

The lookout notice was issued a month after Kochhar was charged for corruption and cheating in a case of alleged irregularities in the sanctioning of loans by the ICICI bank.

CBI booked Chanda Kochhar, her businessman husband Deepak Kochhar and Videocon MD Venugopal Dhoot on January 24.

Kochhar had quit the ICICI on October 4 last year in the wake of allegations that she had favoured Videocon in the lending processes because the consumer electronics company's founders had invested in a company of her husband Deepak Kochhar.

The CBI on Friday issued the lookout notice and alerted the immigration authorities at all the entry-exit points across the country to keep an eye on her.

Chanda Kochhar had taken over the post of the Managing Director of the ICICI Bank on May 1, 2009. 

The preliminary enquiry apparently showed that from June 2009 to October 2011, ICICI Bank had allegedly sanctioned six high-value loans to various Videocon Group companies, CBI sources said.

(With inputs from agencies)

Story highlights

The lookout notice was issued a month after Kochhar was charged for corruption and cheating in a case of alleged irregularities in the sanctioning of loans by the ICICI bank.