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ICICI bank-Videocon case: Chanda Kochhar, husband Deepak Kochhar appear before ED for questioning

The ED had registered a case of money laundering in February on the basis of a CBI FIR. In January, the CBI had raided four locations in Mumbai related to the case.

India TV News Desk India TV News Desk
New Delhi Updated on: March 02, 2019 13:18 IST
ICICI bank case
Image Source : PTI

ED summons Chanda Kochhar, Venugopal Dhoot 

Former ICICI Bank CEO Chanda Kochhar and husband Deepak Kochhar appeared before the Enforcement Directorate (ED) on Saturday in Mumbai, officials said, adding the duo were questioned in connection with a money-laundering case related to a bank loan fraud. The two reached the central agency's regional office in Ballard Estate area around noon, a day after the ED raided their premises.

Officials said the investigating officer of the case will record their statements under the Prevention of Money Laundering Act (PMLA).

The ED on Friday conducted searches at the premises of Chanda Kochhar, former chairman ICICI Bank, and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad, respectively. A total of five premises were covered, officials said.

The two were grilled by the agency officials on Friday too.

It is expected that Dhoot, a Videocon Group promoter, who was also questioned on Friday, will appear before the agency on Saturday.

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 ICICI Bank to the corporate group.

The CBI has named all the three and Dhoot's companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

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

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