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ED questions Kochhars for eight hours

IANS  |  New Delhi 

The (ED) for a second consecutive day on Tuesday questioned former and her husband for eight hours and asked them to join the investigation again on Wednesday in connection with the Rs 1,875-crore Videocon loan case.

The Kochhars arrived at the in south Delhi's Khan Market area around 11 a.m. and were questioned till 7 p.m. They were told to bring some more documents.

The agency officials asked the Kochhars about their business dealings with Videocon and also about the financial transactions that took place 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 searched the residence and office premises of Kochhars and also questioned them along with Dhoot.

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

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

First Published: Tue, May 14 2019. 20:58 IST
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