Court allows former ICICI Bank CEO Chanda Kochhar's brother-in-law to travel abroad
New Delhi| Jagran News Desk| Former ICICI Bank CEO Chanda Kochhar’s brother-in-law Rajiv Kochhar who’s a suspect in a bank loan fraud and money laundering case has been allowed by a Delhi Court on Thursday to travel abroad for 10 days.
Special Judge Anju Bajaj Chandna allowed Rajiv to travel to New York on a personal bond of ₹10 lakh and directed the Enforcement Directorate (ED) to suspend the lookout circular (LOC) till then.
Chanda, her husband Deepak and Rajiv have been questioned by the Enforcement Directorate, which is probing the case under the Prevention of Money Laundering Act (PMLA).
Rajiv has been questioned by the CBI as well in the same case in the past as well.
He is the founder of Singapore-based Avista Advisory.
(with PTI inputs)
Posted By: Aalok Sensharma