Chanda Kochhar, Deepak Kochhar appear consecutively for 3rd day before ED

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Former ICICI Bank CEO and MD Chanda Kochhar along with her husband Deepak Kochhar today appeared consecutively for the third day before the Enforcement Directorate, ED at the Agency Headquarters in New Delhi.

They are being questioned in connection with the ICICI-Videocon loan case.

Last week, the financial probe agency had summoned Kochhar to record her statement after she failed to appear on 5th of this month. The ED has registered a criminal case under the Prevention of Money Laundering Act early this year against Chanda Kochhar, her husdabnd Deepak, Venugopal Dhoot of Videocon Group and others to probe alleged irregularities and corrupt practices in sanctioning of 1,875-crore rupees loans by ICICI Bank to the corporate group.

In March, the ED had conducted a series of searches at the residence and office premises of the Kochhars as part of its investigations and also questioned Chanda and Deepak along with Dhoot. The ED action was based on a CBI FIR.
(AIR NEWS)