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ICICI-Videocon loan fraud case: Bombay High Court grants bail to Chanda Kochhar, husband Deepak Kochhar

The court stated that their arrest was not in conformity with provisions of law and this warrants their release.

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Chanda Kochhar, husband Deepak Kochhar

The Bombay High Court on Monday granted bail to former managing director and chief executive officer (CEO) of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in an alleged ICICI Bank-Videocon loan fraud case.

The court ruled that their arrest was not in accordance with the law and that they should be released. The couple was arrested by the Central Bureau of Investigation (CBI) on December 23 in an alleged money laundering case involving Videocon Group promoter Venugopal Dhoot.

The couple had sought temporary bail to attend their son’s wedding, which is to be held on January 15. They referred to the CBI’s arrest as illegal in their bail petition and argued that no sanction had been obtained, as needed under provisions of the Prevention of Corruption Act.

Advocate Kushal Mor, representing the Kochhars’ said the former ICICI Bank CEO was arrested after a perfunctory interrogation and that a female officer was not present at the time of her arrest, as is mandated by law.

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According to the CBI, after Chanda Kochhar took over as MD and CEO, the bank sanctioned rupee term loans (RTL) worth Rs 1,875 crores to six companies of the Videocon Group between June 2009 and October 2011. As a quid pro quo, Videocon invested in her husband Deepak’s company, NuPower Renewable.

During the initial investigation, it was found that between June 2009 and October 2011, six loans totaling Rs 1,875 crore were approved for the Videocon Group and businesses affiliated with it, allegedly in violation of ICICI Bank’s established norms.

The reports state the loan was waived off on September 7, 2009, and, the next day, Videocon Group – via its firm, Supreme Energy Private Limited, transferred Rs 64 crore to NuPower Renewables Limited.

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Padma Awards 2023: From Raveena Tandon to Suman Kalyanpur to Mulayam Singh Yadav, check full list here

This year, President Droupadi Murmu will honour 106 Padma Award recipients out of which 9 are Padma Bhushan awardees, 6 are Padma Vibhushan, and 91 are Padma Shri.

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Raveena Tandon

Padma Awards 2023 is being conferred at a Civil Investiture Ceremony at Rashtrapati Bhavan today. This year, President Droupadi Murmu will honour 106 Padma Award recipients out of which 9 are Padma Bhushan awardees, 6 are Padma Vibhushan, and 91 are Padma Shri.

Out of 106, seven are posthumous awardees and nine of the awardees are women.

Padma Awards 2023: Check the full list here

Padma Shri awardees

NameFieldState/Country
Dr. Sukama AcharyaOthers- SpiritualismHaryana
2. Ms. Jodhaiyabai BaigaArtMadhya Pradesh
3. Shri Premjit BariaArtDadra and Nagar Haveli 
4. Ms Usha BarleArtChhatisgarh
5. Shri Munishwar ChanddawarMedicineMadhya Pradesh
6. Shri Hemant ChauhanArtGujarat
7. Shri Bhanubhai ChitaraArtGujarat
8. Ms Hemoprova ChutiaArtAssam
9. Shri Narendra Chandra DebbarmaPublic AffairsTripura
10. Ms Subhadra DeviArtBihar
11. Shri Khadar Valli DudekulaScience & EngineeringKarnataka
12. Shri Hem Chandra GoswamiArtAssam
13. Ms. Pritikana GoswamiArtWest Bengal
14. Shri Radha Charan GuptaLiterature & EducationUttar Pradesh
15. Shri Modadugu Vijay GuptaScience & EngineeringTelangana
16. Shri Ahmed Hussain & Shri Mohd HussainArtRajasthan
17. Shri Dilshad HussainArtUttar Pradesh
18. Shri Bhiku Ramji IdateSocial WorkMaharashtra
19. Shri C I IssacLiterature & EducationKerala
20. Shri Rattan Singh JaggiLiterature & EducationPunjab
21. Shri Bikram Bahadur JamatiaSocial WorkTripura
22. Shri Ramkuiwangbe JeneSocial WorkAssam
23. Shri Rakesh Radheshyam Jhunjhunwala (Posthumous)Trade & IndustryMaharashtra
24. Shri Mahipat KaviArtGujarat
25. Shri Ratan Chandra KarMedicineAndaman & Nicobar Islands
26. Shri Mahipat KaviArtGujarat
27. Shri M M KeeravaaniArtAndhra Pradesh
28. Shri Areez Khambatta (Posthumous)Trade & IndustryGujarat
29. Shri Parshuram Komaji KhuneArtMaharashtra
30. Shri Ganesh Nagappa KrishnarajanagaraScience & EngineeringAndhra Pradesh
31. Shri Maguni Charan KuanrArtOdisha
32. Shri Anand KumarLiterature & EducationBihar
33. Shri Arvind KumarScience & EngineeringUttar Pradesh
34. Shri Domar Singh KunvarArtChhatisgarh
35. Shri Risingbor Kurkaland ArtMeghalaya
36. Ms Hirabai LobiSocial WorkGujarat
37. Shri Moolchand Lodha Social WorkRajasthan
38. MS Rani MachaiahArtKarnataka
39. Shri Ajay Kumar MandaviArtChhatisgarh
40. Shri Prabhakar Bhanudas MandeLiteratureMaharashtra
41. Shri Gajanan Jagannath ManeSocial WorkMaharashtra
42. Shri Antaryami MishraLiterature & EducationOdisha
43. Shri Nadoja Pindipapanahalli MunivenkatappaArtKarnataka
44. Prof(Dr.) Mahendra PalScience & EngineeringGujarat
45. Shri Uma Shankar PandeyScience & EngineeringGujarat
46. Shri Ramesh Parmar & Ms. Shanti ParmarArtMadhya Pradesh
47. Dr. Nalini Parthasarathi MedicinePuducherry
48. Shri Hanumantha Rao PasupuletiMedicineTelangana
49. Shri Ramesh PatangeLiterature & EducationMaharashtra
50. Ms Krishna PatelArtOdisha
51. Shri K Kalyanasundaram PillaiArtTamil Nadu
52. Shri V P Appukuttan PoduvalSocial WorkKerala
53. Shri Kapil Dev PrasadArtBihar
54. Shri S R D Prasad SportsKerala
55. Shri Shah Rasheed Ahmed QuadriArtKarnataka
56. Shri C V RajuArt Andhra Pradesh
57. Shri Bakshi RamScience & EngineeringHaryana
58. Shri Cheruvayal K RamanOthers Kerala
59. Ms Sujatha RamdoraiScience & EngineeringCanada
60. Shri Pareshbhai RathwaArtGujarat
61. Shri B Ramakrishna ReddyLiterature & EducationTelangana
62. Shri Mangala Kanti RoyArtWest Bengal
63. Ms K C RunremsangiArtMizoram
64. Shri Vadivel Gopal & Shri MasiSocial WorkTamil Nadu
65. Shri Manoranjan SahuMedicineUP
66. Shri Patayat SahuOthersOdisha
67. Shri Ritwik SanyalArtUP
68. Shri Kota S SArtAndhra Pradesh
69. Shri Sankurathri Chandra SekharSocial WorkAndhra Pradesh
70. Shri K Shanathoiba SharmaSportsManipur
71. Shri Nekram SharmaOthersHimachal Pradesh
72. Shri Gurcharan Singh SportsDelhi
73. Shri Laxman Singh Social WorkRajasthan
74. Shri Mohan SinghLiteratureJ & K
75. Shri T C Singh Public AffairsManipur
76. Shri P C SoodLiteratureAndhra Pradesh
77. Ms Neihunuo SorhieArtNagaland
78. Janum Singh SoyLiteratureJharkhand
79. Shri Kushok Thiksey Nawang Chamba StanzinOthersLadakh
80. Shri S SubramanOthersKarnataka
81. Shri Moa Subong ArtNagaland
82. Shri P K SundaramSocial WorkTamil Nadu
83. Ms Raveena Ravi TandonArtMaharashtra
84. Shri V P TiwariLiteratureUP
85. Shri Dhaniram TotoLiteratureWB
86. Shri T R Upreti OthersSikkim
87. Dr Gopalsamy VeluchamyMedicineTamil Nadu
88. Dr Ishwar Chander Verma MedicineDelhi
89. Ms Coomi Nariman WadiaArtMaharashtra
90. Shri Karma Wangchu (Posthumous)Social WorkArunachal Pradesh
91. Shri G M ZazArtJammu & Kashmir

Padma Bhushan awardees

NameFieldState/Country
1. Shri S L BhyrappaLiterature & EducationKarnataka
2. Shri Kumar Mangalam BirlaTrade & IndustryMaharashtra
3. Shri Deepak DharScience & EngineeringMaharashtra
4. Ms Vani JairamArtTamil Nadu
5. Swami Chinna JeeyarOthers-SpiritualismTelangana
6. Ms Suman KalyanpurArtMaharashtra
7. Shri Kapil KapoorLiterature & EducationDelhi
8. Ms Sudha MurtySocial WorkKarnataka
9. Shri Kamlesh D PatelOthers- Spiritualism

Padma Vibhushan awardees

NameFieldState/Country
1. Shri Balkrishna Doshi (Posthumous)OthersGujarat
2. Shri Dilip Mahalanabis (Posthumous)MedicineWest Bengal
3. Mulayam Singh Yadav(Posthumous)Public Affairs Uttar Pradesh
4. Shri Zakir HussainArtMaharashtra
5. Shri S M KrishnaPublic AffairsKarnataka
6. Shri Srinivas VaradhanScience & EngineeringUSA
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Latest Politics News

Shiromani Akali Dal offers legal assistance to those arrested during Amritpal Singh clampdown

Recently the Akali Dal Chief also put out a series of tweets that stressed on the unity and integrity of India and further condemned the divisive outfits for polarising the communal harmony in Punjab.

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Akali Dal chief Sukhbir Singh Badal

Day after Akali Dal chief Sukhbir Singh Badal slammed the AAP government over the law and order situation by dubbed the hunt of pro-Khalistani leader Amritpal Singh and his aids as a conspiracy to defame the Sikh community for communal polarisation and electoral benefits. Akali Dal on Wednesday swung in to offer legal assistance to those arrested during the clampdown.

As per the reports, Sukhbir Singh Badal took to Twitter for the second consecutive day to talk about the Amritpal Singh crackdown and wrote that his party has agreed to offer complete legal assistance to all Sikh youth arrested in the ongoing extra-constitutional crackdown in Punjab.

The tweet by Badal also read that they are offering legal aid in order to safeguard the rights of the youth from being violated by the AAP Government in Punjab. The tweet also put out the contacts of the legal aid that the families of the arrested can approach to access.

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Recently the Akali Dal Chief also put out a series of tweets that stressed on the unity and integrity of India and further condemned the divisive outfits for polarising the communal harmony in Punjab. The tweet also read that the Sikh community has always been at the forefront of making sacrifices for the nation.

In another tweet, Badal wrote and claimed that attempts are being made to malign the Sikh community for electoral benefits. He further wrote and affirmed to the Punjabi community that Akali Dal will fight for every community including all minorities. Another tweet also slammed the arrest of the innocent youth and dubbed it to be a bid done under the garb of the crackdown of Amritpal Singh.

He further urged the authorities to stop the arrest to clear the Punjabis from feeling insecure in the state. As per the reports, so far the Punjab Police have arrested more that 100 associates of Amritpal Singh and held them for questioning. The prime accused Amritpal Singh, who spoke in favour of Khalitan, continues to be at large as the man hunt continues.

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India became Hindu Rashtra after partition, says BJP general secretary Kailash Vijayvargiya | WATCH

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BJP general secretary Kailash Vijayvargiya

BJP general secretary Kailash Vijayvargiya, Tuesday, courted controversy with his remarks saying that India became a “Hindu Rashtra” or Hindu nation after the country’s partition which he said was done along religious lines and led to the formation of Pakistan in 1947.

Speaking to reporters in Indore, Vijayvargiya said that India was partitioned on religious lines after the independence, Pakistan was formed and what remained of the country is a ‘Hindu Rashtra.’

The senior BJP leader claimed that he has a Muslim friend from Bhopal who visits a Shiva temple everyday and also recites Hanuman Chalisa. He claimed that his Muslim friend was inspired to worship Lord Hanuman and Lord Shiva after knowing about the history of his family as his ancestors were Rajputs of Rajasthan.

Read Also: Punjab Police issues lookout circular, non-bailable warrant against fugitive Khalistani leader Amritpal Singh

He said some of his friend’s relatives are still Hindu Rajputs living in Rajasthan and Uttar Pradesh. However, Vijayvargiya did not reveal his mystery Muslim friend’s identity.

The saffron party leader claimed like his Muslim friend, there are many such people who feel their ancestors once recited the Hanuman Chalisa and he was mulling to form a “Hanuman Chalisa Club” to wean youths away from drugs.

Vijayvargiya also commented on the recent surge in separatist activities in Punjab, saying that Centre and the state government were working together to deal with the problem and their efforts will yield good results.

The senior politician who is also a former state cabinet minister is not new to controversies. In June last year, Kailash Vijayvargiya was criticized for his remarks on Agniveers.

The BJP leader reportedly said that he would give priority to Agnipath recruits for security jobs at his BJP office but retracted his comments later by issuing a clarification later, saying he only meant that the excellence of Agniveers will be utilised in whichever field they choose after completing service in the defence forces.

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