Chanda Kochhar, husband s arrest by CBI in loan fraud case amounted to abuse of power : Bombay HC - India News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India News: The Bombay High Court ruled that the arrest of ICICI Bank's former MD and CEO Chanda Kochhar and her husband in a loan fraud case was an "abuse of pow
The arrest of ICICI Bank s former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in a loan fraud case was without application of mind and due regard to the law , amounting to an abuse of power , the Bombay high court has said.
A division bench of Justices Anuja Prabhudessai and N R Borkar had on February 6 held the Kochhars arrest as illegal and confirmed a January 2023 interim order passed by another bench granting them bail.
In the order made available on Monday, the court said the CBI has been unable to demonstrate the existence of circumstances or supportive material based on which the decision to arrest was taken.
The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".