Ex-ICICI Bank CEO Chanda Kochhar Denied Urgent Hearing By Bombay High Court
NDTV
Chanda Kochhar and Deepak Kochhar had moved the Bombay High Court challenging three days of CBI custody granted by a Mumbai court.
The Bombay High Court today refused an urgent hearing requested by former ICICI Bank CEO Chanda Kochhar, who, along with her husband Deepak Kochhar, was arrested by the Central Bureau of Investigation (CBI) on Friday in a case linked to alleged irregularities in an over Rs 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank. The court directed the couple to approach the court for a regular hearing on January 2.
Chanda Kochhar and Deepak Kochhar had moved the Bombay High Court challenging three days of CBI custody granted by a Mumbai court. They are currently being interrogated by the probe agency.
The Kochhars argued before the court that their arrest is illegal as under the Prevention of Corruption Act, sanction under Sec 17A of the Act is mandatory to initiate a probe, and the agency hasn't got any such sanction to initiate this investigation.
Yesterday, Venugopal Dhoot, Chairman of the Videocon Group, was also arrested by the CBI in the ICICI loan case.
