Business Standard

ED questions Kochhars for 5th consecutive day

IANS  |  New Delhi 

The (ED) questioned former and her husband for a fifth consecutive day on Friday in connection with the Rs 1,875-crore Videocon loan case.

The Kochhar couple arrived at the in south Delhi's Khan Market area around 11 a.m. along with new sets of documents sought by the agency. Their questioning began soon after they deposed before the investigators.

They are being questioned about their business dealings with Videocon and about the financial transactions that took place between them, said an ED

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

The ED alleges that while heading ICICI Bank, illegally routed crores of rupees to NuPower Renewables Ltd, a company run by her husband.

The Kochhars were questioned on many occasions last month in They are being questioned in for the first time. The couple has been facing over eight to nine hours questioning every day since May 13.

In March, the ED had searched the residence and office premises of Kochhars and also questioned them along with Dhoot.

Dhoot allegedly invested in through his firm as quid pro quo for the loans cleared by the

A large portion of the Rs 40,000 crore loan to the remained unpaid at the end of 2017, and the bank proceeded to declare Rs 2,810 crore of this loan as non-performing asset (NPA).

--IANS

rak/rtp/mr

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

First Published: Fri, May 17 2019. 12:08 IST
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