Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
The Central Bureau of Investigation (CBI) has issued a lookout circular against former ICICI Bank CEO Chanda Kochhar, reported The Times of India, citing highly placed sources.
Recommended ArticlesView All
The A to Z of FM Sitharaman's Budget 2023 — alphabetically yours
Feb 1, 2023 IST6 Min(s) Read
Nirmala Sitharaman’s big capex push a welcome step, but funding could prove a challenge
Feb 1, 2023 IST3 Min(s) Read
Old vs new tax regime after Budget 2023 — Check which is better for you
Feb 1, 2023 IST4 Min(s) Read
Budget 2023 | What is the National Data Governance Policy
Feb 1, 2023 IST2 Min(s) Read
According to the report, the sources said that CBI has alerted all immigration authorities at all the airports and entry-exit points to notify it if Kochhar attempts to leave the country.
The officials, however, refused to reveal if the LoC was limited to "alert only" or has "detain" provision, the report said.
The sources added that LoC issued against Chanda Kochhar's husband Deepak Kochhar and Videocon MD Venugopal Dhoot have also been revised, as per the report.
There were allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis. It was alleged that Videocon Group pumped money into NuPower Renewables, a firm owned by Deepak Kochhar, husband of Chanda Kochhar. The allegation of conflict of interest was levelled by whistleblower Arvind Gupta.
First Published: Feb 22, 2019 9:25 AM IST