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ED questions Kochhars for 9 hours, asks them to appear again on Tuesday

IANS  |  New Delhi 

The on Monday questioned former MD and and her husband for over nine houras and asked them to appear again on Tuesday in connection with its ongoing investigation into Rs 1,875-crore Videocon loan case.

The Kochhars arrived at the in south Delhi's Khan Market area around 10.35 a.m. They left the financial probe agency's office at 7.40 p.m.

A told IANS, "We have asked them to come tomorrow again for questioning."

The agency officials asked the Kochhars about their business delaings with the Videocon and also about the financial transactions that took between them.

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 during 2009 and 2011. The ED got clues about an illegal transaction running into crores of rupees routed to NuPower, a company run by

The Kochhars were questioned on many occasions last month in This is their first appearance before the ED in

In March, the ED had conducted a series of searches at the residence and office premises of Kochhars as part of its investigations and also questioned them along with promoter

Allegedly, Dhoot had invested in through his firm as quid pro quo for loans cleared by the under

Out of the Rs 40,000 crore loan to the Videocon group, Rs 3,250 crore was given by ICICI Bank and a large portion of the loan by ICICI was unpaid at the end of 2017.

The bank proceeded to declare the Rs 2,810 crore of unpaid loan as non-performing asset (NPA).

--IANS

aks/prs

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

First Published: Mon, May 13 2019. 21:50 IST
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