Lookout notice for ICICI's Chanda Kocchar, husband and Videocon's Dhoot


Mumbai, Apr 7 (Agencies): A lookout circular (LoC) has been issued against ICICI Bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot at all airports in connection with a loan granted to the Videocon group in 2012, an India Today report said.

A lookout circular (LOC) ensures that the person concerned cannot leave an airport without informing the authorities first.

Government sources say that the lookout circular against Deepak Kochhar and Dhoot has been issued to ensure that they do not leave the country before the CBI completes its preliminary enquiry.

On Thursday Rajiv Kochhar, the brother-in-law of ICICI Bank MD and CEO Chanda Kochhar, was detained by immigration authorities at Mumbai airport when he was to leave for a Southeast Asian country and handed over to CBI sleuths, who questioned him in connection with the bank's dealing with Videocon Group.

Rajiv Kochhar was stopped from leaving the country at the Mumbai international airport by the authorities as the CBI had issued a Lookout Circular (LoC) against him. Meanwhile, the CBI on Friday questioned Rajiv Kochhar for a second consecutive day.

Sources said Kochhar was questioned on his firm Avista Advisory. Avista Advisory, founded by Rajiv Kochhar, who is the brother-in-law of Chanda Kochhar, got the mandate to restructure foreign currency-denominated debt deals worth over 1.7 billion dollar of seven companies over the period of last six years. All these companies were borrowers of ICICI Bank at the same time.

  

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Comment on this article

  • Rudolf Rodrigues, Mumbai

    Sat, Apr 07 2018

    This was clearly run by crooks who maintained a very respectable image in society! It is famous for cheating people by deducting unwarranted fines, sending delayed credit card statements n then charging interest on interest n then sending goons to recover the loot!

    Very fact one Kochar was trying to escape makes it clear they r all involved; and if thorough investigation is conducted many more scams will tumble out!
    Such a huge scam would not have been possible w/o collusion of entire board!

    A class action suit if initiated in the US, they will be in big trouble!!

    DisAgree Agree [2] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Sat, Apr 07 2018

    Reason for increasing bank frauds to be explored and involvement of outsiders also to be traced.

    DisAgree Agree [1] Reply Report Abuse

  • R.Bhandarkar, Mangaluru

    Sat, Apr 07 2018

    Please all..

    This is serious...Public Money Looted under 'Mil Baant Ke Policy' no doubt....


    However, I appreciate the guts of a 'single man' to single handedly take on the crooks of large financial organisations knowing well the risks...

    DisAgree [4] Agree [5] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sat, Apr 07 2018

    This, once much acclaimed lady, has lost all respect by doing such a heinous financial crime!! She should immediately get down from the board if she has any conscience left!!

    DisAgree Agree [7] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Apr 07 2018

    I wonder why only after 2014 people are robbing India & Fleeing ...

    DisAgree [1] Agree [17] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sat, Apr 07 2018

    Advice from financial advisers to Large borrowers of public sector Banks is that move out of the country at the earliest or if you are already abroad do not think about returning soon. Those who have funds in foreign currency please do not exchange it to Rupees. Grater chance to end up with unwanted CBI inquiry and devaluation of Rupees. May God Bless all.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Stan, Udupi/Dubai

    Sat, Apr 07 2018

    Its a shame that corruption at high places is higher than at lower levels. Greed for money make human beings corrupt. They should be punished with exemplary punishments so that in future nobody ventures into such dirty deals/

    DisAgree Agree [11] Reply Report Abuse

  • Rathan, Mangalore

    Sat, Apr 07 2018

    How come all NPAs were sanctioned / disbursed during UPA rule ? Al commission sanctions ?

    DisAgree [24] Agree [7] Reply Report Abuse

  • sunitha, udupi

    Sat, Apr 07 2018

    Please again date is very very important
    loan given in 2012 doesn't become bad immediately in 2012-2013
    there is always something called grace period
    or maybe early installments paid.
    but 2014-2015-2016-2017-now 2018
    why no action taken

    UPA is not the answer- NDA started in 2018
    chowkidar ??????

    DisAgree [2] Agree [29] Reply Report Abuse

  • Amith, USA

    Sat, Apr 07 2018

    What to do? CHADDI BAKHTOH ka Ankoh mein tho Kaali Patti Baandhi huwi hai!!!!!

    DisAgree Agree [14] Reply Report Abuse

  • Rathan, Mangalore

    Sat, Apr 07 2018

    Sunitha
    Yes I agree the loan given in 2012 doesn't become NPA within a year but if the Loan is given or was sanctioned under commission basis /or Loan given as a permission to loot the public money like IDBI sanctioned to Mally's on the recommendation of chidu even after the intial loans have become NPA or like PNB giving loans to Modi and Chokshi under "bhante ke Kavo" policy it is the fault of the govt in power when the loans r disbursed .now "chowkidar" is alerting all sickulars and looters r worried that their true colour will be out

    DisAgree [13] Agree [3] Reply Report Abuse

  • Charan Amin, Mlore/Dubai

    Sat, Apr 07 2018

    Rathan Mangalore,

    Well said. India is in safe hands now.

    DisAgree [12] Agree [1] Report Abuse

  • sunitha, udupi

    Sat, Apr 07 2018

    Really hahaha still fooling
    mallya/lalit modi/nirav modi/choksi and many more all ran away without paying loans - few helped by shushma swaraj/arun jaitley also
    please name a few who ran away without paying loans during UPA.

    DisAgree [1] Agree [11] Report Abuse


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Title: Lookout notice for ICICI's Chanda Kocchar, husband and Videocon's Dhoot



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