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Former ICICI Bank Managing Director Chanda Kochhar Granted Formal Bail in Money Laundering Case

Former ICICI Bank Managing Director and CEO, Chanda Kochhar, appeared before a special court on Friday in connection with the multi-crore money laundering scam and was granted formal bail on a cash. ....

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PMLA case: Former ICICI Bank CEO Kochhar gets bail, but can't leave country

Former ICICI Bank chief Chanda Kochhar was granted bail by a special court on Friday, in connection with ICICI-Videocon money laundering case. Kochhar who is among the accused in the matter, appear before the court seeking bail, where she was asked to deposit Rs 5 lakh as a bond and not to leave the country without prior permission of the court.
“She is ready to abide by all the terms and the condition of the court releasing on bail. The applicant (Kochhar) is a respectable citizen and conferred Padma Bhushan award. Therefore, being permanent resident having deep root in the society, there is no apprehension that applicant will flee away from justice, said PMLA judge Abhijeet Nandgaonkar while grating bail. ....

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