Business Standard

Videocon loan case: Chanda Kochhar skips ED questioning

IANS  |  New Delhi 

Former on Monday skipped questioning by the (ED) in connection with a Rs 1,875-crore Videocon loan case citing poor health.

Kochhar, who was summoned by the ED to appear before it on June 10, informed the agency that she would not be able to join the probe due to poor health, a senior ED told IANS requesting anonymity.

Last month, and her husband were questioned five times by the financial probe agency in the national capital.

The case relates to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875-crore loan disbursed by to the between 2009 and 2011.

The ED alleges that Kochhar, while heading ICICI Bank, illegally routed crores of rupees to NuPower Renewables Ltd, a company run by her husband.

In March, the ED searched the residence and office premises of Kochhars and also questioned them along with Videocon

Dhoot allegedly invested in through his firm as quid pro quo for the loans cleared by

A large portion of the total Rs 40,000 crore loans to remained unpaid at the end of 2017, and the bank proceeded to declare Rs 2,810 crore of these loans as non-performing asset (NPA).

--IANS

aks/rtp

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

First Published: Mon, June 10 2019. 13:42 IST
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