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Chanda Kochhar, Deepak Kochhar appear before ED

Enforcement Directorate is questioning former ICICI Bank CEO and MD Chanda Kochhar along with her husband Deepak Kochhar for the fifth consecutive day on Friday in New Delhi. 

They are being questioned in connection with the ICICI-Videocon loan case. Last week,  the ED  had summoned Kochhar to record her statement after she failed to appear on 5th of this month.

The ED has registered a criminal case under the Prevention of Money Laundering Act early this year against Chanda Kochhar, her husband Deepak, Venugopal Dhoot of Videocon Group and others to probe alleged irregularities and corrupt practices in sanctioning of 1,875-crore rupees loans by ICICI Bank to the corporate group. The ED action was based on a CBI FIR.

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