ED finds Deepak Kochhar manipulated company books: Report
The charge sheet filed by the Enforcement Directorate in the ICICI Bank-Videocon case revealed that Deepak Kochhar tweaked his company’s books in 2016, after ICICI launched an internal investigation on Chanda Kochhar, to show that Rs 64 crore received from Videocon Group was a genuine business transaction, and that he intended to return the money, Hindustan Times reported.
The probe agency had submitted the charge sheet on November 3.
ED had slapped money laundering charges against the Kochhars and their business entities for “illegal sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of companies”.
