CBI ARRESTS CHANDA KOCHHAR, FORMER ICICI BANK CEO AND MD, IN A VIDEOCON CASE  

The CBI officials said that they had been arrested in Delhi and would be arraigned in a special court in Mumbai. 
The Enforcement Directorate launched a money laundering investigation based on the CBI case, and in September 2020, Mr. Kochhar was taken into custody. It attached assets worth 78.15 crore the same year in January, including a Mumbai apartment registered in Ms. Kochhar’s name and other properties connected to her husband’s business, NuPower Renewables Private Limited, formerly known as NuPower Renewables Limited (NRL), and its subsidiaries. Later, Mr. Kochhar was given a bail release.  
According to the ED, Ms. Kochhar and her family acquired the apartment for a pittance by taking control of a Videocon Group company through a family trust.  
According to the allegations, Mr. Dhoot invested 64 crore rupees through Supreme Energy Private Limited in the NRL, which was subsequently transferred to Mr. Kochhar’s Pinnacle Energy Trust. 
It was claimed that the ICICI Bank approved six high-value loans to firms in the Videocon Group between June 2009 and October 2011, when Ms. Kochhar was in office. As of April 26, 2012, the outstanding balance on the loans was revised to become a new term loan in the amount of Rs. 1,730 crore. The loan accounts were classified as non-performing assets in June 2017. 
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