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ICICI-Videocon row: Rajiv Kochhar seeks cancellation of look-out circular

ANI  |  General News 

Rajiv Kochhar, the of former ICICI and MD Chanda Kochhar, moved a on Wednesday seeking cancellation of the (LOC) issued against him in connection with the ICICI-Videocon loan case.

The ED had questioned Rajiv, who is Deepak Kocchar's brother, from April 30 to May 2, stating that he withheld crucial information pertaining to the case.

Earlier in the day, and her husband Deepak had appeared before the ED for the third consecutive day in connection with the aforesaid case.

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

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

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

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

First Published: Wed, May 15 2019. 22:50 IST