On Monday 13th May, 2019 Former ICICI Bank CEO Chanda Kochhar appeared before Enforcement Directorate in connection with a bank loan fraud and money laundering case which was registered against her.
As Per the official sources she arrived before ED before her scheduled appearance time of 11 am today and she is also required to assist the IO in the investigation and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).
Her husband Mr. Deepak Kochhar was also notified with her brother in law (Deepak’s brother) Rajiv Kochhar who has been grilled by the ED few days back here, in the same money laundering case.
Enforcement Directorate registered a criminal complaint under Prevention of Money Laundering Act against Former ICICI Bank CEO Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot and others as per the investigation which claimed irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the Bank to the corporate group.
Enforcement Directorate action was based on the FIR which was registered against her on January, 24th 2019.