August 16, 2022
Chanda Kochhar and her husband Deepak Kochhar have reached the Enforcement Directorate office in Mumbai today for questioning. On the call of ED, both of them (Chanda Kochhar and Deepak Kochhar) have reached for questioning. Apart from this, Venugopal Dhoot of Videocon has also been called for the second consecutive day on Saturday.

Earlier on Friday, the ED and the police team raided Venugopal Dhoot and Chanda Kochhar’s hideouts (home and office). The ED did this search in a case related to bank fraud (fraud).

The ED had earlier this month filed a criminal case against Kochhar, her husband Deepak Kochhar, Venugopal Dhoot and others under the Money Laundering Act . This case is related to the investigation of alleged irregularities and corruption by ICICI Bank in allotment of loan of Rs 1,875 crore to Videocon Group.

It is alleged that Dhoot invested in Deepak Kochhar’s company through his company Supreme Energy. In lieu of this, a loan was approved by ICICI Bank and the loan was approved on 1 May 2009 after Chanda Kochhar became the Chief Executive Officer (CEO) of the bank.