ICICI Bank-Videocon case: Chanda Kochhar, husband Deepak appear before ED
Former ICICI Bank MD and CEO Chanda Kochhar has appeared before the Enforcement Directorate office in Mumbai for questioning along with husband Deepak Kochhar in the ICICI Bank-Videocon loan PMLA case, PTI reported citing officials.
This comes a day after ED searched the premises of Chanda Kochhar and Venugopal Dhoot. The raids have been conducted in at least five office and residential premises in Mumbai and a few other locations, the officials said.
ED had registered a case under the Prevention of Money Laundering Act (PMLA) earlier this month against Chanda Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged improprieties and a possible quid pro quo in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.
