In relation to alleged fraud and irregularities in loans the bank issued to Videocon Group companies, a special Mumbai court on Saturday granted the Central Bureau of Investigation (CBI) three days of custody of former ICICI Bank CEO Chanda Kochhar and her husband, Deepak Kochhar. Following a brief interrogation, Chanda Kocchar and her husband were yesterday arrested in connection with a loan fraud case.

Both of them refused to comply during the investigation, the central investigative agency informed the court, leading to their arrest.

CBI agents detained Chanda Kochhar and her husband Deepak Kochhar in relation to alleged fraud and irregularities in loans granted by the ICICI Bank to the Videocon Group in 2012.

In the FIR filed under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act, the CBI had named Chanda Kochhar, her husband, Venugopal Dhoot of the Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd, and Videocon Industries Limited as defendants.

It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupower months after the Videocon Group got Rs 3,250 crore as loan from ICICI Bank.

It was alleged that the accused sanctioned certain loans to private companies in a criminal conspiracy with others to cheat ICICI Bank, the CBI had said in a statement after filing the FIR in 2019.