The Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Bank MD and CEO Chanda Kochhar in reference to ICICI Bank-Videocon case, Enforcement Directorate (ED) officers have knowledgeable.
The Enforcement Directorate has arrested businessman Deepak Kochhar for alleged cash laundering in relation to a deal between the financial institution and Videocon Group. Deepak Kochchar was interrogated by the ED officers earlier within the day earlier than his arrest later within the night.
In 2019, a legal case beneath the Prevention of Money Laundering Act (PMLA) was lodged towards Chanda Kochhar, husband Deepak Kochhar and Videocon Industries Limited (VIL) chairman Venugopal Dhoot to analyze alleged irregularities in sanctioning Rs 1,875 crore in loans by the ICICI Bank.
In June this 12 months, CBI booked Venugopal Dhoot and others for alleged irregularities within the acquisition of oil and gasoline property in Mozambique and inflicting loss to a consortium of banks led by the SBI.
This had come when the company was already probing Dhoot in a cash laundering case pertaining to the sanction of Rs 1,875 crore in loans by the ICICI Bank.
The ED had filed the cash laundering case final 12 months towards Dhoot on the idea of a grievance registered by the CBI, which had named Dhoot, his corporations (Videocon International Electronics Ltd, and Videocon Industries Ltd), in addition to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar.
The ED had questioned Dhoot in December 2019 in Mumbai in reference to the case.
(With inputs from IANS)
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