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Chanda Kochhar appears before ED for questioning in ICICI-Videocon loan case

ANI  |  General News 

Former and MD and her husband were questioned by the (ED) on Tuesday for a second consecutive day in connection with the ICICI-Videocon loan case.

They were earlier grilled by the ED at its Mumbai office after the agency conducted raids in March at premises connected to them. Chanda Kochhar, who was summoned on May 3 by the ED, had sought an extension of time to appear before the agency.

The ED had previously questioned Deepak Kochhar's brother for from April 30 to May 2. According to ED sources, allegedly withheld crucial information pertaining to the case.

The matter related to alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by to in 2009 and 2011.

The ED had on March 1 carried out searches at the premises of and The duo holds stakes in the two companies.

The two firms have moved a petition in the PMLA appellate tribunal, seeking the release of documents which were allegedly seized by the ED on March 1.

promoter has also been questioned in connection with the case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 13:18 IST