ICICI Bank-Videocon case: ED gets hold on Chanda Kochhar’s Husband Deepak Kochhar In ICICI Loan Case

ICICI Bank-Videocon case: ED gets hold on Chanda Kochhar’s Husband Deepak Kochhar In ICICI Loan Case

Husband of former ICICI Bank CEO Chanda Kochhar and businessman Deepak Kochhar has been arrested by the Enforcement Directorate for alleged money laundering in a deal between the bank and Videocon Group.

He had been interrogative since noon today before he was arrested at night.

A criminal case under the Prevention of Money Laundering Act (PMLA) was filed against Ms Kochhar, her husband, and Venugopal Dhoot of Videocon Group to investigate alleged irregularities and corrupt practices in sanctioning ₹ 1,875 crores in loans by ICICI Bank.

Kochhar was arrested after the latest round of interrogation  by the ED pertaining to fresh evidence that the agency has stumbled upon recently.

Kochhar further confronted with documents that the people said were related to a money trail concerning his company, NuPower Renewables.

After the whole process of interrogation the CBI has accused the former bank chief of allegedly receiving “illegal gratification” through her husband from Videocon for sanctioning a term loan. Although, the Kochhars and others had denied the allegations.
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