Deepak Kochhar gets HC relief in PMLA case
A diary and Rs 10.5 lakh seized by the Enforcement Directorate (ED) during a March 1 search at the office of Deepak Kochhar, husband of former ICICI Bank chief executive officer Chanda Kochhar, may soon be released after the Bombay high court on Friday stayed attachment proceedings.
As part of the attachment process under the Prevention of Money Laundering Act (PMLA), a suspect or accused is given 180 days’ time to challenge the seizure or attachment of any article by the ED before the PMLA adjudicating authority confirms the action.
Deepak Kochhar, through his lawyers Vijay Aggarwal and Ashul Agarwal, on Friday challenged ED’s seizure from the office of Pacific Capital Services Pvt Ltd,a company belonging to the Kochhars, in Mumbai’s Nariman Point on March 1.
