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ICICI-Videocon case: ED summons Kochhars

NEW DELHI: The ED has summoned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar next week here in connection with a cash laundering case related to a bank mortgage fraud, officials stated.

They stated whilst Chanda has been summoned for May three, Deepak and his brother Rajiv have been requested to depose on April 30 ahead of the investigating officer of the case and report their statements underneath the Prevention of Money Laundering Act (PMLA).

The summons have been served to them closing week, they added.

They are required to lend a hand the IO in taking the probe forward, they stated, including the 3 have been requested to bring certain paperwork related to their private and official finances.

They have been wondered prior to now too at the Enforcement Directorate place of business in Mumbai after the central company carried out raids in this case on March 1.

The searches have been carried out at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad.

The ED has registered a legal case underneath the PMLA early this 12 months towards Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans through ICICI Bank to the corporate workforce.

This ED motion was in accordance with a CBI FIR.

The CBI has named the entire 3 and Dhoot's firms -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL). The CBI additionally named Supreme Energy, a company founded through Dhoot, and NuPower Renewables, a company controlled through Deepak Kochhar, in the FIR.

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