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CBI detain Chanda Kochhar’s brother-in-law at airport

The Central Bureau of Investigation (CBI) is reported to have detained Rajiv Kochhar, the brother-in-law of ICICI Bank CEO Chanda Kochhar.

The detention took place at the Mumbai airport in connection with the Videocon loan case.

CBI is investigating whether the ICICI bank’s loan to Videocon benefitted Chanda Kochhar’s husband Deepak Kochhar.

Rajiv Kochhar’s firm is said to have advised ICICI borrowers, including Videocon, on their foreign loans that were worth over $1.7 billion, reports said.

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