Mumbai: 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.
The Bombay High Court observed that their ‘arrest not in accordance with the law’, while granting them bail on Monday.
The Bombay High Court, while allowing interim relief to the former ICICI Bank CEO and MD and her husband, observed that it is incumbent upon the police not only to record reasons for arrest in writing but, even in cases, where the police choose not to arrest.
“It is also incumbent on courts to satisfy themselves that there is due compliance of Sections 41 and 41-A, failing which, the same will ensure the benefit of the person suspected of the offence, entitling the person to be released on…
