More Trouble For Chanda Kochhar, CBI Issues Look Out Notice As She Might Flee The Country

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There is more trouble for former ICICI Bank CEO Chanda Kochhar, the CBI has now issued a lookout notice in connection with its probe into the high-profile Videocon loan case , news agency ANI reported.

The CBI according to media reports has alerted all airports and exit points as it apprehends that Kochhar might flee the country.

In January, the CBI had lodged an FIR against 57-year-old Kochhar, her husband Deepak Kochhar and Videocon Managing Director VN Dhoot besides four companies in connection with a controversial loan case.

The lookout circular was issued as a part of routine proceedings immediately after an FIR was filed against the three of them in the ICICI-Videocon loan case.

The CBI had named the Kochhars and Dhoot as accused in an FIR in the Rs 3,250 crore loan case

As part of a quid pro quo, Dhoot allegedly invested Rs 64 crore in NuPower Renewables Pvt Ltd run by Kochhar’s husband. She had stepped down from the post of CEO and MD in October last year after media expose of the loan saga. Her tenure at the bank was to end this March.

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