PMLA tribunal directs “status quo” on Chanda Kochhar’s properties
The appellate tribunal for Prevention of Money Laundering Act on Thursday, directed status quo on the properties belonging to ICICI Bank’s former managing director Chanda Kochhar and her husband Deepak Kochhar, attached by the Enforcement Directorate (ED).
The next hearing in the matter is slated for February. The tribunal ordered that the nature of the properties, attached by the ED, will not be altered by Kochhars until next hearing. The Kochhars’ representatives were asked to give undertakings to the tribunal on the same.
A copy of order is yet to be issued.
The federal agency moved the appellate tribunal last week, challenging the order of its own adjudicating authority, which refused to confirm the attachment made by ED.
