Former CEO of ICICI Bank, Chanda Kochhar got bail on abond of Rs 5 lakh. The Mumbai court granted her bail in an alleged moneylaundering case in which ICICI bank was involved with the Videocon group.
Deep Kocchar, Chanda Kochhar's husband who was alsoarrested in September last year in connection with the same case cannot leavethe country.
The Enforcement Directorate filed a criminal case againstthe husband-wife duo in February 2019 on money laundering charges.
Venugopal Dhoot of Videocon was also included in theprobe in alleged irregularities and corrupt practices in the sanctioning of Rs1,875 core in loans by ICICI bank.
The ED is also probing loans sanctioned to Gujarat basedpharma firm Sterling Biotech and the Bhushan Steel Group. It is based on acomplaint filed by CBI. CBI, as per reports is also running an independentinvestigation into the case into the three individuals and three morecompanies.