ICICI Bank-Videocon loan case: CBI issues lookout notice against Chanda Kochhar, Venugopal Dhoot

The CBI lookout circular was issued as a part of routine proceedings immediately after an FIR was filed against the three of them in the ICICI-Videocon loan case. The CBI had named the the Kochhars and Dhoot as accused in an FIR in the Rs 3,250 crore loan case.

Chanda Kocchar (Source: PTI)

Mumbai: In what comes as a major blow to former ICICI Bank CEO Chanda Kochar, the Central Bureau of Investigation (CBI) has issued a lookout notice against her and Videocon Group promoter Venugopal Dhoot. The CBI lookout circular was issued as a part of routine proceedings immediately after an FIR was filed against the three of them in the ICICI-Videocon loan case. The CBI had named the the Kochhars and Dhoot as accused in an FIR in the Rs 3,250 crore loan case. Several reports suggested that the country’s premier investigating agency has reportedly directed the immigration authorities at all the airports and entry-exit points across the country to inform it if Chanda Kochhar tries to leave the country. The CBI had initiated a preliminary enquiry into the case after news reports claimed that Videocon chairman Venugopal Dhoot had provided crores of rupees to a firm that was promoted by Deepk Kochhar and some relatives. The alleged transfer took place after Dhoot’s group was given a loan of Rs 3,250 crore by the ICICI Bank. Chanda Kochhar had resigned from her post in October last year after seeking early retirement.