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CBI issues “look out” against Chanda Kochhar

The Central Bureau of Investigation (CBI) had charged former ICICI bank CEO Chanda Kochhar of cheating. It has now alerted immigration authorities at all airports and entry-exit points across India to prevent any chance of her trying to leave the country.

The CBI issued a “Lookout Circular” (LoC) against Chanda Kochhar, who is accused of conniving with her husband Deepak Kochhar and Videocon MD Venugopal Dhoot in cheating ICICI Bank of lending about INR 1,875 crores in loans to Videocon between June 2009 and October 2011.

Chanda’s husband Deepak Kochhar and Venugopal Dhoot also have LoCs against them as part of preliminary investigations in connection with the iCICI Bank probe.

However, the CBI has not revealed whether the LoC is just an “alert” or has instructions to “detain” Chanda Kochhar.

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