ICICI Bank-Videocon PMLA Case: Chanda Kochhar Granted Bail
File photo of Chanda Kochhar at a conference in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Bank-Videocon PMLA Case: Chanda Kochhar Granted Bail

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Former ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar was granted bail by a special Prevention of Money Laundering Act court in connection with the ICICI Bank-Videocon case.

The special PMLA court had on Jan. 30 summoned Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and other accused in the case after taking cognisance of the Enforcement Directorate's charge sheet.

Accordingly, Chanda Kochhar appeared before special court judge AA Nandgoankar.

Following her appearance, her lawyer Vijay Agarwal filed her bail application. The court allowed the same on a bond of Rs 5 lakh.

The ED had arrested her husband Deepak Kochhar in September 2020 after it filed a criminal case for money laundering based on an FIR registered by the Central Bureau of Investigation against the Kochhars, Dhoot and others.

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