{"id":384323,"date":"2020-11-16T11:31:46","date_gmt":"2020-11-16T06:01:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384323"},"modified":"2020-11-16T13:06:56","modified_gmt":"2020-11-16T07:36:56","slug":"assets-of-deepak-and-chanda-kochhar-attached-by-ed-not-proceeds-of-crime-pmla-adjudicating-authority","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/assets-of-deepak-and-chanda-kochhar-attached-by-ed-not-proceeds-of-crime-pmla-adjudicating-authority\/","title":{"rendered":"Assets of Deepak and Chanda Kochhar attached by ED not proceeds of crime: PMLA adjudicating authority"},"content":{"rendered":"<p>In a relief to the former ICICI Bank chief executive officer Chanda Kochhar and her husband Deepak Kochhar, the adjudicating authority under the Prevention of Money Laundering Act (PMLA) on Friday said their assets attached by the Enforcement Directorate do not qualify as proceeds of crime. <\/p>\n<p>The PMLA has not confirmed the attachment of assets, worth Rs 78.15 crore, by the ED. The acting chairperson of the authority, Tushar V Shah, in a 798 page order said that the assets of Deepak Kochhar do not qualify as proceeds of crime under PMLA. <\/p>\n<p>The ED had provisionally attached movable and immovable assets of Kochhar including the flat at CCI Chambers, land, cash, plant and machinery at Windfarm Projects located in Tamil Nadu and Maharashtra. The agency is likely to challenge the order before the appellate authority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a relief to the former ICICI Bank chief executive officer Chanda Kochhar and her husband Deepak Kochhar, the adjudicating authority under the Prevention of Money Laundering Act (PMLA) on Friday said their assets attached by the Enforcement Directorate do not qualify as proceeds of crime. The PMLA has not confirmed the attachment of assets, worth Rs 78.15 crore, by the ED. The acting chairperson of the authority, Tushar V Shah, in a 798 page order said that the assets of Deepak Kochhar do not qualify as proceeds of crime under PMLA. The ED had provisionally attached movable and immovable [&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":[130],"tags":[],"class_list":["post-384323","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384323","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=384323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}