The Enforcement Directorate on Friday searched the premises of Chanda Kochhar, former MD and CEO of ICICI Bank, and Venugopal Dhoot, Videocon Group chief, in connection with the alleged sanction of credit facilities in violation of rules and in return for a quid pro quo.
The searches were carried out at Mumbai and Aurangabad in Maharashtra. “A team of officials from Delhi led the operation in coordination with their local counterparts,” said an official.
The Directorate had earlier registered a money laundering case against Ms. Kochhar, her husband Deepak Kochhar, Mr. Dhoot and others, on the basis of an FIR lodged by the CBICentral Bureau of Investigation, to probe the money trail.
