Economy

CBI issues lookout circular against former ICICI Bank CEO Chanda Kochhar, says report

Updated : February 22, 2019 09:26 AM IST

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.

CBI issues lookout circular against former ICICI Bank CEO Chanda Kochhar, says report

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.

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.

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