Business Standard

Kochhargate: A litmus test for CBI

The country's premier investigative agency's record in probing complex financial misdeeds is not exactly immaculate

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Tamal Bandyopadhyay
Last week, a special court remanded former MD and CEO of ICICI Bank Ltd Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot to 14 days of judicial custody. Chanda is lodged in Byculla women’s prison and her husband and Dhoot in Arthur Road Jail.

The two-week judicial custody followed their arrest by the Central Bureau of Investigation (CBI) in connection with alleged fraudulent grant of loans by ICICI Bank to a few Videocon Group entities.

The latest development has all the elements of a Netflix thriller — shock and surprise. Shock for the Kochhars, preparing for
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