Icici Loan Scam

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe.

The whistleblower who called out former ICICI Bank chief Chanda Kochhar and two others in an alleged Rs 3,250-crore loan scam has dubbed the case as a part of something much larger, and requested the government to scratch deeper under the surface of the Indian banking system to uncover other irregular deals of the kind.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe.

The whistleblower who called out former ICICI Bank chief Chanda Kochhar and two others in an alleged Rs 3,250-crore loan scam has dubbed the case as a part of something much larger, and requested the government to scratch deeper under the surface of the Indian banking system to uncover other irregular deals of the kind.