Business

CBI issues lookout notice against Chanda Kochhar

CBI issues lookout notice against Chanda Kochhar

TIL Desk/Business/New Delhi/ The CBI has issued lookout notices against former ICICI Bank CEO Chanda Kochhar, her husband Deepak and MD of the Videocon Group Venugopal Dhoot, officials said in New Delhi on Friday.

The move was taken nearly a week after a case was registered against Chanda Kocchar, Deepak and Dhoot, they said. A lookout notice is an intimation to immigration authorities at all the ports of exit to intimate the investigation agency in case the accused tries to leave the country.

The immigration authorities may also detain the person if requested by the agency. The Central Bureau of Investigation had to cut a sorry figure after its dilution of lookout circular against liquor baron Vijay Mallya led to his escape to the UK in 2016.

No summons has been issued against Chanda Kochhar to record her statement so far, the officials said. It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for the Videocon Group and its associated companies, in which in two cases she herself was on the sanctioning committees.

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