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mumbai, the arrest of icici bank’s former managing director and chief executive officer (ceo) chanda kochhar and her husband deepak kochhar by the central bureau of investigation (cbi) in a loan f
Banks had been pressing for immunity from arbitrary arrest or action by investigating agencies against their top executives for taking commercial decisions such as grant of loans, but there has been little headway on this demand so far.
The court also refused to accept the probe agencys contention that the arrest was made as the Kochhars were not cooperating with the probe and said the accused had a right to remain silent during interrogation.
In the order made available on Monday, the court said the CBI has been unable to demonstrate the existence of circumstances or supportive material based on which the decision to arrest was taken.