{"id":262469,"date":"2019-03-05T07:02:44","date_gmt":"2019-03-05T07:02:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262469"},"modified":"2019-03-05T07:02:44","modified_gmt":"2019-03-05T07:02:44","slug":"ed-investigating-at-least-6-high-value-loans-in-icici-bank-videocon-case","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ed-investigating-at-least-6-high-value-loans-in-icici-bank-videocon-case\/","title":{"rendered":"ED investigating at least 6 high-value loans in ICICI Bank-Videocon case"},"content":{"rendered":"<p>The Enforcement Directorate (ED) is probing at least six high-value loans sanctioned to firms between 2009 and 2011 when Chanda Kochhar was the chief executive officer and managing director at ICICI Bank. The probe agency suspects there have been kickbacks or illegal gratification for extending these loans.<\/p>\n<p>The enforcement agency, interrogating Kochhar for the fourth consecutive day on Monday, said she had been cooperating in the investigation. However, she was not clear about certain transactions, it said. Also, she maintained she was not aware about the nuances of the business deals involving her husband Deepak Kochhar\u2019s firms. <\/p>\n<p>Some of these accounts which are under agency\u2019s lens include $530 million (approximately Rs 3,763 crore) to Essar Steel Minn\u00adesota LLC, Millennium Appli\u00adances (Rs 175 crore), Sky Appli\u00adances (Rs 240 crore) Techno Electr\u00adonics (Rs 110 crore), Appli\u00adcomp India (Rs 300 crore) and Vide\u00adocon Industries (Rs 750 crore).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Enforcement Directorate (ED) is probing at least six high-value loans sanctioned to firms between 2009 and 2011 when Chanda Kochhar was the chief executive officer and managing director at ICICI Bank. The probe agency suspects there have been kickbacks or illegal gratification for extending these loans. The enforcement agency, interrogating Kochhar for the fourth consecutive day on Monday, said she had been cooperating in the investigation. However, she was not clear about certain transactions, it said. Also, she maintained she was not aware about the nuances of the business deals involving her husband Deepak Kochhar\u2019s firms. Some of these [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-262469","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262469"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262469\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}