The ICICI Bank loan scam has exploded. Chandra Kochhar's husband has been arrested after links between her husband and a private company have come to light. The ED has levelled serious charges.
Times Now's Bhavatosh Singh says Chanda Kochhar and her husband along with Videocon's Venugopal Dhoot had been named in the PMLA case. The charges levelled were that Chanda Kochhar had given a loan overruling the objections by the Board of Directors. The loan to the tune of Rs 350 crores which was given to a company floated by Venugopal Dhoot and then written off by him. This is a quid pro quo. Deepak Kochhar was called in for questioning by the CBI after which he was arrested.