Terming the arrest of ICICI Bank s former managing director and chief executive officer (MD&CEO) Chandar Kochhar and her husband Deepak Kochhar as an abuse of power by the central bureau of investigation (CBI), the Bombay high court (HC) says the arrest was without application of mind and due regard to the law .
The ED initiated the investigation on the basis of the prosecution complaint filed by Serious Fraud Investigation Office (SFIO) against Bhushan Steel Limited. They had invoked scheduled offences under the Prevention of Money Laundering Act, 2002.
Shiv Sena (UBT) deputy leader Advay Hire, who was arrested from Bhopal on Wednesday in connection with an alleged bank loan fraud case of Rs 7.50-crore, was remanded to five days' police custody by a Malegaon Court, here on Thursday. Advay Hire Arrested: Shiv Sena UBT Deputy Leader Nabbed From Bhopal in Rs 7.50 Crore Bank Loan Fraud Case, Malegaon Court Remands Police Custody for Five Days.
Assets worth more than Rs 122 crore of various accused, including that of a former chairman of Pune-based Seva Vikas co-operative Bank and promoter of an education group, have been attached as part of money laundering investigation linked
Permitting the CBI to pick up one aspect of the investigation and file a piece-meal charge sheet to defeat the right of an accused to default bail, goes against the mandate of Article 21 of the.