The Kochhar couple has moved the HC seeking to quash their remand order, calling their arrest “illegal”
Chanda Kochhar. File pic
The Bombay High Court on Tuesday granted the Central Bureau of Investigation (CBI) time till Friday to file its reply to the plea of former ICICI Bank Chief Executive Officer and MD Chanda Kochhar and her businessman-husband Deepak Kochhar, challenging their arrest in an alleged loan fraud case.
ADVERTISEMENT
The Kochhar couple has moved the HC seeking to quash their remand order, calling their arrest “illegal”. Seeking their release from jail, they have also submitted that their son is getting married later this month and invitations have already been sent out to guests.
The CBI arrested Chanda and Deepak Kochhar in the case on December 23 following which the couple was sent to jail under judicial custody. On Tuesday, when the HC took up their plea against arrest, the central agency sought time to file its response.
Also Read: Videocon loan case: Kochhars and Dhoot sent to 14-day judicial custody
Deepak Kochhar’s lawyer Vikram Chaudhary submitted that the wedding of his client’s son is scheduled for later this month and invitation cards have been distributed.
The businessman was called to record his statement in the case, but was instead arrested, said the lawyer. Chanda Kochhar’s lawyer told the court that the prosecution in a case against her under the Prevention of Money Laundering Act (PMLA) had made a statement that her arrest was not required.
But the CBI arrested the former ICICI Bank CEO citing non-cooperation in investigation of the loan fraud case, said her lawyer. The Kochhars have been named accused in a separate case filed under the PMLA against them by the Enforcement Directorate (ED).
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
