icicibankcontroversy

The Central investigation Bureau of India (CBI) has recently arrested the Videocon group Chairman  in connection with the ICICI bank loan irregularities. He was arrested by the CBI on Monday.He was arrested 3 days after former ICICI Bank managing director Chanda Kochhar and her husband, Deepak Kochhar, were arrested in the case. Hoot who was continuedly questioned about the same since last 4 years s now being arrested on the basis of documentary evidences, the evidences shoed that he allegedly bribed the Kochhars for availing loans from the private bank, an officer said.Also read : As Covid cases spike in China, experts ask Indians to stay safe :In the FIR filed in January 2019, the report suggested that their were 6 irregularities in the high profile loans worth ₹1,875 crore disbursed to Videocon Group between June 2009 and October 2011.Now CBI is saying that the Kochhars allegedly got ₹64 crore bribe from Dhoot a day after the bank disbursed a loan of ₹300 crore to Videocon I