Former CEO of ICICI Bank, Chanda Kochhar got bail on a bond of Rs 5 lakh. The Mumbai court granted her bail in an alleged money laundering case in which ICICI bank was involved with the Videocon group.
Deep Kocchar, Chanda Kochhar's husband who was also arrested in September last year in connection with the same case cannot leave the country.
The Enforcement Directorate filed a criminal case against the husband-wife duo in February 2019 on money laundering charges.
Venugopal Dhoot of Videocon was also included in the probe in alleged irregularities and corrupt practices in the sanctioning of Rs 1,875 core in loans by ICICI bank.
The ED is also probing loans sanctioned to Gujarat based pharma firm Sterling Biotech and the Bhushan Steel Group. It is based on a complaint filed by CBI. CBI, as per reports is also running an independent investigation into the case into the three individuals and three more companies.