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Chanda Kochhar, husband appear before ED in ICICI Bank loan fraud case

Chanda Kochhar, along with her husband and her brother-in-law, is under the scanner for money laundering

Press Trust of India  |  New Delhi 

Former ICICI Bank CEO Chanda Kochhar with Husband Deepak Kochhar appears at Enforcement Directorate office in New Delhi. Photo: Dalip Kumar
Former ICICI Bank CEO Chanda Kochhar with Husband Deepak Kochhar appears at Enforcement Directorate office in New Delhi. Photo: Dalip Kumar

Former CEO on Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her.

Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before her scheduled appearance time of 11 am, official sources said.

Sources said Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).

Her husband has also been summoned in the same case. Her brother-in-law (Deepak's brother) Rajiv Kochhar was grilled by the ED few days back here.

They have been questioned in the past too at the agency's office in Mumbai after the central agency conducted raids in this case on March 1.

The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad.

The ED has registered a criminal case under the PMLA early this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the Bank to the corporate group.

This ED action was based on a CBI FIR.

The CBI has named all the three and Dhoot's companies -- (VIEL) and (VIL).

The CBI also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.

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