Businessman Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, has been arrested in a money laundering case, said media reports on Monday.

The Enforcement Directorate arrested Deepak Kochhar after an investigation into his dealings with Videocon Industries. “He has been taken into the agency’s custody for custodial interrogation and will be produced tomorrow in the sessions court,” said an ED official. Sources said that the central agency will now have to file a chargesheet within 60 days of arresting the accused.

The Central Bureau of Investigation in January 2019 filed a case of criminal conspiracy and fraud, alleging that ICICI Bank, under Chanda Kochhar, sanctioned “high value” loans to Videocon Industries, violating the bank’s lending policies, in exchange for an investment by the consumer electronics company’s owner in a business headed by Deepak Kochhar.

The couple is the prime accused in the case which allegedly involves disbursing loans to the tune of Rs 3,250 crore to Videocon group companies.