ICICI bank-Videocon case: ED raids Videocon office, Kochhar’s residence

MUMBAI: The Enforcement Directorate (ED) carried out raids at five places in Mumbai and Aurangabad on Friday in connection with a money laundering case against former ICICI BankNSE 1.17 % CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot.

The financial investigation agency searched premises including the office of Deepak Kochhar’s Nu-Power Renewables, which allegedly received investments from several overseas entities, and the couple’s South Mumbai residence, which was allegedly bought by Deepak Kochhar through a web of transactions with firms linked to Videocon Group, people aware of the matter told ET.