ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Venugopal Dhoot

CBI has filed a charge sheet against former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a ₹3,250 crore loan fraud case, officials said

The CBI has filed a charge sheet against former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a ₹3,250 crore loan fraud case, officials said on April 8.

The agency has filed the charge sheet under sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act, among others, they said.

The Central Bureau of Investigation (CBI) has named nine entities, including companies and individuals, according to the officials.

The CBI has moved to file its final report before a special court in Mumbai without the mandatory requirement of sanction to prosecute Ms. Chanda Kochhar from ICICI Bank, the officials said.

A letter had been sent to the bank seeking the sanction but its response is awaited, they said.

Generally, the special court waits for the sanction before proceeding with taking cognisance of the charge sheet and subsequently initiating the trial, if warranted.

The special CBI court is yet to take cognisance of the charge sheet, the officials said.