Former CEO of ICICI Bank Chanda Kochhar. Photo: AFP

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.

Related report: Former ICICI Bank CEO charged over loans to husband’s firm

Leave a comment