Chanda Kochhar’s brother-in-law detained at Mumbai airport, questioned by CBI

Reported by Rajeev Ranjan Singh

ICICI Bank CEO Chanda Kochhar’s brother-in-law Rajiv Kochhar was on Thursday detained by immigration officials at Mumbai airport. Following his detention, the Central Bureau of Investigation (CBI) questioned him with regard to the loan given by ICICI Bank to Videocon.

Kochhar was detained at the airport before he could board a flight to a south-east Asian country. The CBI had earlier issued a surveillance notice against him.

The central investigating agency has questioned several ICICI Bank officials during the initial investigation into the case. The Bank had given a loan of Rs 3,250 crore to Videocon group in 2012. The agency is probing any quid pro quo in the case.

CBI sleuths have been going through documents related to the loan disbursement. If needed and if there’s any discrepancy in the document, the CBI is likely to summon Chanda Kochhar, her husband Deepak Kochhar and other officials for questioning.

A preliminary enquiry was registered in the case six weeks back.