Business Standard

ED questions Kochhars in ICICI-Videocon case

IANS  |  New Delhi 

The (ED) on Monday questioned former and her husband here in an ongoing probe into the alleged irregularities and corrupt practices in the sanctioning of a Rs 1,875 crore loan by the to the

They appeared before the here at around 10.30 a.m. following the agency's summons.

The couple's questioning began soon after they deposed before the investigators.

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 to 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.

--IANS

rak/ksk

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

First Published: Mon, May 13 2019. 11:22 IST
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