Chanda Kochhar gets bail on 5 lakh bond

As per the agency’s case, a day af ter ICICI Bank sanctioned Rs 300 crore to Videocon International Electronics Limited (VIEL), Rs 64 crore was sent by Dhoot through a company to another, Nupower Renewables Private Limited, managed and controlled by Deepak Kochhar. Deepak’s wife Chanda was a chairperson of the bank committee which had sanctioned the loan. An amount of Rs 1,575 crore that was sanctioned by the bank to Videocon Group companies had turned non-per forming assets. Chanda was involved in the decision-making process in sanctioning these loans, the agency has alleged.