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Court allows Chanda Kochhar's brother-in-law to travel abroad

Court allows Chanda Kochhars brother-in-law to travel abroad

New Delhi: A Delhi court Thursday allowed former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar, a suspect in a bank loan fraud and money laundering case, to travel abroad for 10 days.

Special Judge Anju Bajaj Chandna allowed Rajiv to travel to New York on a personal bond of Rs 10 lakh and directed the Enforcement Directorate (ED) to suspend the look out circular (LOC) till then.

The court kept his application, seeking cancellation of LOC, for hearing on June 3.

Chanda and her husband Deepak along with 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.

PTI

PTI

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