ED arrests husband of former ICICI Bank CEO Chanda Kochhar in Videocon loan case

ED arrests husband of former ICICI Bank CEO Chanda Kochhar in Videocon loan case

Enforcement Directorate (ED) on Monday arrested Deepak Kochhar, husband of former ICICI Bank MD & CEO Chanda Kochhar in connection with ICICI Bank-Videocon case, ED officials said.

ED arrests husband of former ICICI Bank CEO Chanda Kochhar in Videocon loan case

Last month, a company allegedly belonging to Deepak Kochhar approached the Delhi High Court seeking release of assets seized by the Enforcement Directorate in March last year in a money laundering case.

Kochhar is being investigated by the Central Bureau of Investigation (CBI) and ED for alleged corruption and money laundering and has been named an accused along with her husband in the FIR filed by the former. Both of them have been questioned by the ED multiple times.

She is being probed for alleged irregularities in the granting of loans to the Videocon Group.

The probes started after a whistle-blower complaint alleged that Venugopal Dhoot of Videocon had invested in a company along with Deepak Kochhar and then transferred his holdings to the latter. The complaint linked this to loans issued by the bank to Videocon.