ICICI Bank-Videocon loan case: After intensive questioning, Deepak Kochhar and Venugopal Dhoot leave ED office post midnight
Former ICICI Bank CEO and Managing Director Chanda Kochhar and her husband Deepak Kochhar on Wednesday deposed before the Enforcement Directorate for the third consecutive day for questioning in connection with the Rs 1,875-crore Videocon loan case.
The Kochhars arrived at the ED headquarters in south Delhi's Khan Market area around 2.20 p.m. They were also asked to bring some documents.
A senior ED official 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 ED got clues about an illegal transaction running into crores of rupees routed to NuPower, a company run by Deepak Kochhar.
In March, the ED had conducted searches at the residence and office premises of the Kochhars and questioned them along with Dhoot.
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).
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