Latest News
Chanda Kochhar and her husband Deepak Kochhar are expected to be released today in the ICICI Videocon loan case
Published
1 year agoon
ICICI CEO Chanda Kochhar and her husband, Deepak Kochhar, who was arrested in connection with an alleged multi-billion dollar money laundering scheme, are expected to be released from jail on Tuesday.
On Monday, the Chanda Kochhar’s were granted interim bail in the case
While granting interim relief to the former ICICI Bank CEO and MD and her husband, the Bombay High Court noted that it is incumbent upon the police not only to record reasons for arrest in writing but also in cases where the police choose not to arrest.
“It is also incumbent on courts to satisfy themselves that Sections 41 and 41-A are being followed, failing which the same will ensure the benefit of the person suspected of the offense, entitling the person to be released on bail,” the court added.
The order went on to say that there had to be a direct link or nexus between the material in front of the officer and the formation of his belief. As a result, there must be a logical connection between the two.
“We should note that reason to believe’ must be based on credible evidence, and no arrest decision can be recorded on fanciful or whimsical grounds,” the court stated.
“Given the facts as stated above, the reason given in the arrest memos to arrest the petitioners appears to us to be casual, mechanical, and perfunctory, clearly lacking in the application of mind.” The grounds for the petitioners’ arrest mentioned in the arrest memos are clearly in violation of the mandatory provisions of Cr.P.C. Sections 41 and 41-A, as well as Section 60-A.”
Read Also – A mother and her son were killed when a Namma Metro under-construction pillar collapsed in Bengaluru
“We may note that we have not gone into the other submissions advanced by Mr. Desai, learned senior counsel appearing for the petitioner Chanda Kochhar, in particular, the submission that, as per the mandate, a lady officer was not present at the time of the petitioner-Chanda Kochhar’s arrest, in light of the finding recorded by us hereinabove,” the order continued. The petitioners are entitled to be released on bail pending the hearing and final disposition for the reasons stated above.
You may like
-
North Korea asserts that the test of a multiple-warhead missile was successful
-
The Student Wing of Congress storms the Exam Body NTA office and locks it from within
-
“During President Murmu’s address to Parliament, PM Modi was shown 73 times, and LoP Rahul Gandhi was shown six times”: Congress
-
NASA contracts Elon Musk’s SpaceX to deorbit the International Space Station in 2023.
-
A Caution For The CBI In The Delhi Court’s Arvind Kejriwal Custody Order
-
Bar Council of India requests that bar associations abstain from demonstrating in opposition to new criminal laws