137th Day Of Lockdown

Maharashtra49026232728117092 Tamil Nadu2850242275754690 Andhra Pradesh2069601204641842 Karnataka164924842322998 Delhi1427231282324082 Uttar Pradesh113378668341981 West Bengal89666630601954 Bihar7179446294400 Gujarat68855517922604 Assam5549737225132 Rajasthan4941835186763 Odisha4255028698292 Haryana4005433444467 Madhya Pradesh3729827621962 Kerala3170019147103 Jammu and Kashmir2392716218449 Punjab2193014040539 Jharkhand165427503154 Chhatisgarh11408831987 Uttarakhand89015731112 Goa7947559570 Telangana751354330615 Tripura6014408437 Puducherry5123291475 Manipur3466192610 Himachal Pradesh3206200813 Nagaland26578247 Arunachal Pradesh204913263 Chandigarh137482023 Meghalaya10234236 Sikkim8544061 Mizoram5672890
Nation Current Affairs 13 May 2019 Chanda Kochhar appea ...

Chanda Kochhar appears before ED in ICICI-Videocon bank loan case

PTI
Published May 13, 2019, 11:12 am IST
Updated May 13, 2019, 11:12 am IST
Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before her scheduled appearance time of 11 am.
Sources said Kochhar is 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). (Photo: ANI | Twitter)
 Sources said Kochhar is 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). (Photo: ANI | Twitter)

New Delhi: Former ICICI Bank CEO Chanda Kochhar on Monday appeared before the Enforcement Directorate in connection with an alleged bank loan fraud and money laundering case registered against her.

Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before her scheduled appearance time of 11 am, official sources said.

 

Sources said Kochhar is 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 Kochhar has also been summoned in the same case even as her brother-in-law (Deepak's brother) Rajiv Kochhar has been grilled by the ED few days back here. 

They have been questioned in the past too at the agency's office in Mumbai after the central agency conducted raids in this case on March 1.

The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad. The ED has registered a criminal case under the PMLA early this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the Bank to the corporate group.

 

This ED action was based on a CBI FIR. The CBI has named all the three and Dhoot's companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

The CBI also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT