Chanda Kochhar, husband appear before ED for third consecutive day

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The Enforcement Directorate (ED) on Wednesday questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak for the third consecutive day in connection with a money laundering case relating to the ICICI-Videocon loan fraud case.

The agency is grilling the duo for their alleged role in irregular sanction and disbursal of Rs 1,875 crore loan to Videocon Group in 2009 and 2011 by the ICICI Bank then headed by Chanda Kochar.

On Tuesday, Kochars were questioned for over eight hours by the ED.

In March, the agency had conducted searches at locations linked to the Kochhars. They were earlier questioned by the ED in Mumbai.

Deepak’s brother Rajiv Kochhar and Videocon Group promoter Venugopal Dhoot have also been quizzed by the agency in connection with the case.           

Daily Pioneer
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