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Videocon case: Kochhars questioned by ED for 3rd day

IANS  |  New Delhi 

Former and her husband on Wednesday deposed before the for the third consecutive day for questioning in connection with the Rs 1,875-crore Videocon loan case.

The Kochhars arrived at the in south Delhi's Khan Market area around 2.20 p.m. They were also asked to bring some documents.

A said that the the couple has asked to depose before the agency by afternoon.

The financial probe agency has questioned the Kochhar's for 17 hours on Monday and Tuesday.

The agency officials asked the Kochhars about their business dealings with Videocon and 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 was their first appearance before the ED in

In March, the ED had conducted searches at the residence and office premises of the Kochhars and questioned them along with Dhoot.

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

Of the Rs 40,000 crore loan to the Videocon group, Rs 3,250 crore was given by ICICI Bank. 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: Wed, May 15 2019. 16:56 IST
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