Chanda kochhar (Former Executive ICICI Bank) Husband has been arested by ED for Money Laundering Case of Videocon Group
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| Deepak Kochhar,Former Executive ICICI Bank Chanda kochhar Husband ,has been arrested by ED |
My India News Desk- Businessman Deepak Kochhar, husband of Chanda Kochhar(ICICI Bank).Has been arrested on charges of money laundering in a deal between the bank and Videocon Group
Businessman Deepak Kochhar, husband of Chanda Kochhar,( former chief executive officer of ICICI Bank)has been arrested on charges of money laundering in a deal between the bank and Videocon Group.
A criminal case was filed under the Money Laundering Act (PMLA) against her husband MS Kochhar and Videocon Group's Venugopal Dhoot early last year for allegedly misappropriating ICCI loans of Rs 1,875 crore.
According to the ED, Kochhar was recently arrested by the agency with new evidence and in the latest round of interrogation of those involved in the case. Kochhar was asked to sit down with documents and face-to-face individuals, who said his company, NewPower Renewables, was involved in illegal financial transactions.
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The ED's money-laundering case is based on the first report filed by the CBI against Coaches, Videocon Group chairman Venugopal Dhoot and six others. The CBI has accused the former bank chief of receiving "illegal gratification" from Videocon through her husband for granting term loans. Kochhar and others deny the allegations.
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