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ICICI-Videocon row: Kochhars move PMLA appellate tribunal, seek release of documents seized by ED

ANI  |  General News 

Two firms belonging to former and MD and her husband have moved a petition in PMLA appellate seeking the release of documents related to these companies which were seized by the on March 1.

The firms moved the application in the on May 13 after the duo appeared before the law enforcement agency for questioning.

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

Vijay Aggarwal, appearing on behalf of these two firms, contended that "the companies were not named in the FIR" filed by the CBI on January 22 and that "seizure of laptops, electronic records, the hard disk has caused disruption in the day-to-day work of them."

Aggarwal also said that orders passed by adjudicating authority are with "non-application of mind" and "searches have been conducted in violation of law as independent persons from the same locality were not present at the time of the search."

Chanda and will appear today before the ED for the second consecutive day of questioning in connection with the case.

The duo has, in the past, been grilled at the ED office in after the probe agency conducted raids in March. While Chanda was summoned on May 3 by the ED, she sought an extension.Earlier, the ED had questioned Deepak's brother for three days, from April 30 to May 2. According to ED sources, Rajiv withholds crucial information pertaining to the investigation in the case.The matter is related to alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by to in 2009 and 2011.promoter has also been questioned in connection with this 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. 10:30 IST
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