ED grills Chanda Kochhar, her husband for 3rd consecutive day

ED grills Chanda Kochhar, her husband for 3rd consecutive day

Agency News

New Delhi, May 14 : Former ICICI Bank Chairperson Chanda Kochhar and her husband Deepak Kochhar were grilled by the Enforcement Directorate (ED) for third consecutive day on Wednesday in connection with the Videocon loan case.
Kochhar couple appeared before the probe agency on Tuesday and was asked to appear on Wednesday. Both were quizzed for over eight hours on Monday also.
On Wednesday, Ms Kochhar along with her husband Deepak Kochhar arrived at the ED office in the afternoon and ED questioned regarding the irregularity in extending the loan of Rs 3,250 to Videocon Group by the ICICI bank.
The duo also recorded their statements under Prevention of Money Laundering Act.

Though the exact line of questioning is not known, it is assumed that both have been asked regarding the in connection with an alleged bank loan fraud and alleged role in extending loan to Videocon Group.
This case is related to a loan of Rs 3,250 crore to Videocon Group between 2009 and 2011 and the Videocon Group’s owner Venugopal Dhoot had invested in Deepak Kochhar's firm NuPower Renewables Ltd via his company Supreme Energy. Ms Chanda Kochhar was heading ICICI bank at that time.

Both Chanda and Deepak Kochhar have been investigated by the CBI, ED and the Serious Fraud Investigation Office (SFIO) in this case.

ED had also summoned Chanda Kochhar to record her statement on May 5 but she did not appear before the probe agency for questioning.
The probing agency had conducted a series of searches at the residence and office premises of the Kochars in March 2019 and also questioned Chanda and Deepak Kochhar in presence of Venugopal Dhoot.
The Kochhar couple was grilled in past too at the ED zonal office in Mumbai after the central agency conducted raids in this case on March 1. (UNI)