CBI widens probe in loans ICICI Bank provided to Videocon Group

The Central Bureau of Investigation has sought details on 10 more loans sanctioned by ICICI Bank to Videocon Group companies allegedly sanctioned between 2013 and 2016. Four of these loans were sanctioned when arrested banker Chanda Kochhar was the bank’s chief. The CBI, which arrested Chanda Kochhar, her husband Deepak and Videocon group chairman VN Dhoot last month, stumbled upon the new loans during its ongoing probe into the six loans amounting to Rs 1,875 crore sanctioned between June 2009 and October 2011.

Why it’s important: Time is running out on the CBI to make its charges stick as the Kochhars have challenged their arrest in court. The matter will be heard on Friday. Moneycontrol