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Chanda Kochhar tells ED that she was ‘not aware of husband’s dealings
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Chanda Kochhar tells ED that she was ‘not aware of husband’s dealings

Former ICICI Bank CEO and MD Chanda Kocchar has reportedly told Enforcement Directorate (ED) officials that she was ignorant about her husband's dealing in defence of herself in the Rs 3,250-crore loan fraud case.

While the ED last week claimed to have evidence against her after establishing a money trail that indicates quid-pro-quo through her husband's company, NuPower Renewables Private Limited, Kochhar has denied any involvement.

According to The Times of India, Kochhar told investigators she "wasn't aware of her husband's business dealings" with Videocon group MD Venugopal Dhoot when six high value loans to the group were approved by the bank. The sources added that when she was questioned about the Rs 64-crore loan given by Videocon group to NuPower Renewables a day after the bank disbursed a Rs 300-crore loan to a Videocon group company, Kochhar said she "didn't discuss her bank-related work with her husband or vice-versa, hence there was no question of taking any favour in lieu of the bank loan".