Former ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar and Videocon managing director Venugopal Dhoot, who were involved in a quid pro quo case, have been issued lookout circulars (LOCs) by the Indian Central Bureau of Investigation.
The lookout circulars were issued against the Kochhar couple and Dhoot as a precautionary measure to prevent a repetition of high-profile exits like those of Vijay Mallya, Nirav Modi and Mehul Choksi, Economic Times reports. A lookout circular is mostly used at immigration checks at international borders such as airports to check if a traveler is wanted by the police.
The CBI move comes after it registered a first information report (FIR) against the Kochhars, Dhoot and others in a loan case involving the ICICI Bank and Videocon Group.
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