Advertisement
Sunday, Aug 14, 2022
Outlook.com
Outlook.com

Chanda Kochhar, Husband Appear Before ED In ICICI-Videocon Case

The two reached the central agency's regional office in Ballard Estate area around noon.

Chanda Kochhar, Husband Appear Before ED In ICICI-Videocon Case
| ANI/Twitter
Chanda Kochhar, Husband Appear Before ED In ICICI-Videocon Case
outlookindia.com
2019-03-02T13:01:55+05:30

Former ICICI Bank CEO Chanda Kochhar and husband Deepak Kochhar appeared before the Enforcement Directorate in Mumbai on Saturday in connection with a money-laundering case related to a bank loan fraud.

The two reached the central agency's regional office in Ballard Estate area around noon, a day after the ED raided their premises.

Officials said the investigating officer of the case will record their statements under the Prevention of Money Laundering Act (PMLA).

The ED on Friday conducted searches at the premises of Chanda Kochhar, former chairman ICICI Bank, and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad, respectively.

A total of five premises were covered, officials said.

The two were grilled by the agency officials on Friday too.

It is expected that Dhoot, a Videocon Group promoter, who was also questioned on Friday, will appear before the agency on Saturday.

The ED has registered a criminal case under the PMLA early this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by ICICI Bank to the corporate group.

The CBI has named all the three and Dhoot's companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

The CBI also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.

(PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement