ED files first chargesheet against Kochhars in ICICI-Videocon case
MUMBAI : The Enforcement Directorate (ED) on Wednesday filed the first charge-sheet against former ICICI Bank chief executive officer and managing director Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group promoter Venugopal Dhoot for money laundering. The probe agency has also named Videocon International Electronics Ltd, Videocon Industries Ltd, Nu Power Renewables Pvt. Ltd and Supreme Energy Pvt. Ltd in the chargesheet.
The move comes days before the 60-day custody of Deepak Kochhar, who was arrested on 8 September under the Prevention of Money Laundering Act, expires on 8 November.
As per the ED, in a case of quid-pro-quo, ICICI Bank under Chanda Kochhar, had allegedly extended high-value loans to Videocon Industries in lieu of investments in Deepak Kochhar’s company NuPower Renewables via Supreme Energy. In January, the ED provisionally attached assets worth ₹78 crore.
