Former ICICI Bank CEO Chanda Kochhar gets bail in Videocon money laundering case
- Chanda Kochhar was granted bail on a bond of Rs 5 lakh
- Her lawyers argued that she had been cooperating with the Enforcement Directorate's probe
- She was also asked to surrender her passport to the ED immediately
Former ICICI Bank CEO and MD Chanda Kochhar was on Friday, granted bail after she appeared before a Mumbai court in the alleged ICICI Bank-Videocon money laundering case, reported PTI.
The special court for Prevention of Money Laundering Act (PMLA) had on January 30, summoned Chanda Kochhar, her husband Deepak, Videocon Group promoter Venugopal Dhoot and other accused after taking cognizance of the charge sheet. Kochhar accordingly appeared before the special Judge A A Nandgaonkar.
Seeking her bail, Kochhar’s lawyers Vijay Agarwal and Rahul Agarwal argued that she had been cooperating with the Enforcement Directorate’s probe and had visited the ED office in Delhi whenever summoned. They also pointed out that the Central agency has never arrested her in the case.
Kochhar was granted bail on a bond of Rs 5 lakh and directed that she should report to the ED office whenever required and not leave India without the court’s permission. She was also asked to surrender her passport to the ED immediately.
The order said, “The applicant shall not tamper with the evidence or attempt to influence or contact the complainant, witnesses or any person concerned with the case.”
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