Chanda Kochhar, Deepak Kochhar appear consecutively for 3rd day before ED

News Bharati    15-May-2019

New Delhi, May 15: Mr and Mrs Fraud i.e. former ICICI Bank CEO and MD Chanda Kochhar along with her husband Deepak Kochhar today appeared consecutively for the third day before the Enforcement Directorate, ED at the Agency Headquarters in New Delhi.


They are being questioned in connection with the ICICI-Videocon loan case.

Last week, the financial probe agency had summoned Kochhar to record her statement after she failed to appear on 5th of this month.

The loan controversy erupted after shareholder activist Arvind Gupta had alleged that Chanda Kochhar, sitting on the bank's credit committee in 2012, influenced a Rs 3,250 crore loan to the Videocon group in return for a deal in NuPower Renewables, a clean-energy firm run by her husband Deepak Kochhar.

The investigating agency is also probing several former and current senior executives of the bank, including current Managing Director and CEO of ICICI Bank Sandeep Bakshi and current chief of New Development Bank of BRICS KV Kamath.

In March, the ED had conducted a series of searches at the residence and office premises of the Kochhars as part of its investigations and also questioned Chanda and Deepak along with Dhoot. The ED action was based on a CBI FIR.