Deepak Kochhar tweaked firm’s books, says Enforcement Directorate
Soon after ICICI Bank Limited launched an internal investigation against its then managing director Chanda Kochhar in August 2016, her husband Deepak Kochhar tweaked his company’s books to show that Rs 64 crore received from Videocon Group was a genuine business transaction and that he intended to return the money, according to a charge sheet filed by Enforcement Directorate (ED).
The charge sheet was filed on November 3 this year, but these details are just emerging.
According to ED, on August 18, 2016, when the internal inquiry was initiated by ICICI Bank into allegations against Chanda Kochhar for improper grant of loans extended to companies affiliated with Videocon Industries Ltd (VIL)
