CBI questions Kochhar in ICICI loan case

The Central Bureau of Investigation (CBI) continued questioning Rajiv Kochhar, brother-in-law of ICICI Bank MD and CEO Chanda Kochhar, for the third consecutive day yesterday in connection with a case relating to Rs32.50 billion (Dh1.83 billion) loan to the Videocon Group in 2012.

Officials said that he was being questioned at the CBI’s Bandra office. According to the agency officials, Rajiv was asked about the role of his Singapore-based company Avista Advisory in the restructuring of the loan.