Chanda Kochhar's brother-in-law moves court seeking cancellation of look out circular

The court is likely to hear the application on Thursday.

Chanda Kochhar/ Image: PTI/ FILE IMAGE

New Delhi: Former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar on Wednesday moved a Delhi court seeking cancellation of look out circular (LOC) against him in an alleged bank loan fraud and money laundering case. The court is likely to hear the application on Thursday.

Rajiv Kochhar, brother of Deepak Kochhar (husband of former ICICI CEO & MD Chanda Kochhar) has approached a Delhi court seeking cancellation of Look Out Circular (LOC) issued against him in a PMLA case. Rajiv Kochhar was earlier quizzed by CBI in a bank loan fraud case.

— ANI (@ANI) May 15, 2019

Chanda and her husband Deepak along with Rajiv have been questioned by the Enforcement Directorate, which is probing the case under the Prevention of Money Laundering Act (PMLA). Rajiv has been questioned by the CBI as well in the same case in the past as well. He is the founder of Singapore-based Avista Advisory.