Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar appeared before the Enforcement Directorate (ED) for the third consecutive day on Wednesday in connection with the ICICI-Videocon loan case.
The ED is recording statements of the duo in connection with the investigation into alleged irregularities and corrupt practices in the sanction of Rs 1,875 crore loan disbursed by ICICI Bank to Videocon Group in 2009 and 2011.
On Tuesday, Chanda and Deepak were grilled were over eight hours by the ED in connection with the aforesaid case.
In March, the ED had conducted raids at locations linked to the Kochhars, following which the duo was called for questioning to the probe agency's Mumbai office.
It had also questioned Deepak's brother Rajiv Kochhar from April 30 to May 2, stating that he withheld crucial information pertaining to the case.
Videocon Group promoter Venugopal Dhoot was also questioned in connection with the case.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app