The court observed that the evidence prima facie showed that Kochhar had received part of the loan given by the bank to Videocon Group as ‘reward,’ through companies established by her husband.
The judge elaborated that CBI had collected sufficient material during investigation to substantiate the allegations against the accused persons.
“On going through the evidence and allegations in the charge-sheet, it can be safely inferred, prima facie, there are grounds to believe that the accusation is well founded. The allegation pertaining to concealment of facts, committing irregularity while sanctioning of loans, diversion of the loan amount, misutilization of funds by not using the same the purpose for which it was sanctioned, receiving part of loan as motive/reward by public servant through companies established by her husband, concealment of interest in the loan proposal and thereby violating the circulars issued by RBI in this regard as well as illegal gratification received by the public servant, are, prima facie, evident on record,” the order said.
Source: Barandbench
