Bombay HC Says CBI Arrests of Chanda, Deepak Kochhar Were Illegal
"The ground for arrest of the petitioners mentioned in the arrest memos is in clear breach of the mandatory provisions," the court said.
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"The ground for arrest of the petitioners mentioned in the arrest memos is in clear breach of the mandatory provisions," the court said.
The court had yesterday said the reason to arrest the couple after four years of registering the case was not spelt out in the arrest memos, as mandated.
Former ICICI CEO Chanda Kochhar was on Tuesday released from Byculla Prison in connection with an alleged money laundering case, while her husband Deepak Kochhar was released from Arthur Road Jail.
ICICI Bank loan fraud: Court orders release of Kochars from judicial custody
Former ICICI Bank CEO & MD Chanda Kochhar and her husband Deepak Kochhar have been granted bail by the Bombay High Court. -- aaa