The Central Bureau of Investigation (CBI) has registered an FIR in connection with the alleged irregularities in transactions between ICICI Bank, the Videocon Group and NuPower Renewables, a company promoted by former ICICI MD and CEO
Chanda Kochhar’s husband Deepak in 2010.
Searches have also been initiated to examine and seize documents pertaining to the case. “Our teams are conducting searches at four locations. In Mumbai, searches are being conducted at the offices of Videocon, NuPower Renewables and Supreme Energy in Nariman Point, while a Videocon premises in Aurangabad district is also being searched,” a CBI official said.
The issue revolves around the extending of Rs. 3,250 crore loan to Videocon Group by the bank in 2012 and the involvement of Kochhar’s family members in the restructuring of the loan.
ED to File Status Report on 14th October 2020 in ICICI Bank Videocon Money Laundering Case
Business
Oct 10, 2020
VANDANA KOTHARI
(
Editor: Ekta Joshi
)
1 Shares
On September 7th 2020, Mr. Deepak Kochhar, husband of former ICICI Bank chairperson Chanda Kochhar, was arrested for being in connection to the ICICI Bank- Videocon money laundering case under the provisions of the Prevention of Money Laundering Act (PMLA) by the Enforcement Director for the purpose of questioning. The money laundering case is based on a CBI’s FIR against the couple and others for defrauding ICICI Bank by granting loans illegally in lieu of kickback.Mr. Kochhar was in...
Former ICICI Bank chief Chanda Kochhar’s husband arrested over money laundering charges
Business
Sep 09, 2020
Shreya Tulavi
(
Editor: Ekta Joshi
)
7 Shares
The Enforcement Directorate (ED) Monday (September 7, 2020) arrested Deepak Kochhar, husband of former ICICI Bank chief Chanda Kochhar, in connection with its money laundering probe into loans disbursed by ICICI Bank to Videocon group for alleged pecuniary considerations. An ED source said Deepak had been called for questioning in connection with some “fresh evidence of money trail” in the case. However, after he refused to come to Delhi citing the pandemic, he was questioned by a team of...
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