CBI produces Chanda, Deepak Kochhar in court, seeks 3-day custody

New Delhi: The Central Bureau of Investigation (CBI) on Saturday produced former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar before a special court in Mumbai, seeking three-day custody for the couple.
The Kochhars were arrested on Friday by the CBI in connection with a loan fraud case involving bank officials and the Videocon Group.
The CBI has alleged that Chanda Kochhar had hatched a criminal conspiracy and released loans to six different companies.
Also Read CBI arrests former ICICI Bank CEO-MD Chanda Kochhar, husband Deepak Kochhar in Videocon loan case The loan amount was several crore rupees and she had pressurized other banks to pass their loans.
After receiving a complaint, a case of fraud was filed by the CBI with the Mumbai branch in January 2019.
The probe agency has also moved an application to invoke IPC 409 against Chanda Kochhar.