MUMBAI, Dec 25 (TIWN): The high-profile, much-talented, discussed, rewarded, awarded and decorated woman banker with a 'Midas touch', the former managing director and chief executive officer of the private ICICI Bank, Chanda D. Kochhar, was finally arrested along with her husband Deepak Kochhar.

It is some seven years after the first of the complaints surfaced that the Central Bureau of Investigation (CBI) bit the bullet to nab the Kochhar couple in connection with the alleged massive Rs 3,250 crore loan fraud involving the defunct Videocon Group.
Among other things, the CBI has accused Chanda Kochhar, 61, of irregularities, flouting banking rules and laws in a series of loans sanctioned to industrialist Venugopal N. Dhoot's Videocon Group between 2009-2011, when she was lording over the bank.
The CBI earlier in 2019 booked the Kochhar couple and Dhoot, besides naming the companies like Videocon International Electronics Ltd., NuPower Renewables Pvt. Ltd., Videocon Industries Ltd., Supreme Energy Pvt. Ltd., under the provisions of the Indian Penal Code and Prevention of Corruption Act.
In an alleged quid pro quo deal, the CBI claimed that after the Videocon Group got the loan of Rs 3,250 crore from ICICI Bank in 2012, Dhoot reportedly diverted a Rs 64 crore to NuPower Renewables where Deepak Kochhar had a 50 per cent stake, raising eyebrows and questions on ethics, as Chanda had set the credit limits for the Videocon Group companies.
The CBI charge sheet said that under Kochhar, the ICICI Bank sanctioned the loans to Videocon Group and others in complete violation of the bank's policies, and later these were declared non performing assets (NPAs) causing losses to the bank and illegal gains to the borrowers and accused.
The CBI also wanted to investigate the role of other ICICI Bank's senior officers who approved the loans to Videocon Group, among others, allegedly at Chanda's behest.