According to the sources, Chanda Kochhar and Deepak Kochhar have been asked to come with the documents related to their assets and other details. The sources have also confirmed that they will be asked about the 'favours' allegedly given to Venugopal Dhoot of Videocon group.
New Delhi: Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar are currently being questioned at the Enforcement Directorate headquarters in Delhi.
The Kochhar couple on Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case.
According to the sources, they had been asked to come with the documents related to their assets and other details. The Sources have also confirmed that they will be asked about the 'favours' allegedly given to Venugopal Dhoot of Videocon group. The ED had earlier questioned Dhoot in Mumbai as well.
The sources also said that Chanda was required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA). Her husband Deepak has also been summoned in the same case. Her brother-in-law Rajiv Kochhar was also grilled by the ED a few days back.
The Kochhar couple was questioned in the past too at the agency's office in Mumbai after raids were conducted in this case on March 1 at the premises of the accused family and Dhoot in Mumbai and Aurangabad.
The ED has registered a criminal case under the PMLA early this year against the accused and a probe into the alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the bank to the corporate group has been ordered.
This ED action was based on a CBI FIR where multiple companies, including Dhoot’s Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL), were named.
The CBI also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.
The initial investigation by the CBI and the ED revealed that from June 2009 to October 2011, the ICICI Bank had allegedly sanctioned six high-value loans to various Videocon Group companies.
It was also alleged that Dhoot invested a large number of funds in Nupower within months after Videocon Group received Rs 3,250 crore as loan from ICICI Bank in 2012 after Chanda took over the post of managing director of the ICICI Bank on May 1, 2009.
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Last Updated 13, May 2019, 2:25 PM