The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of former ICICI Bank MD and CEO Chanda Kochhar, in the ICICI-Videocon money laundering case.
He was arrested in September 2020 by the Enforcement Directorate (ED) for alleged money laundering in a deal between the bank and Videocon Group.
Almost a week after his arrest, the 60-year-old had tested positive for Covid-19. He was shifted to Delhi’s AIIMS for treatment.
In November 2020, Deepak Kochhar’s bail plea was rejected and the ED had said that the businessman was not cooperating in the investigation.
Earlier this month, a special court had granted bail to Videocon Group promoter Venugopal Dhoot in connection with the case.
On February 12, 2021, Chanda Kochhar was also granted bail on a bond of Rs 5 lakh and a special PMLA court had asked her not to leave the country without the permission of the court.
Surjitt Sahani
