Left Menu
Development News Edition

Chanda Kochhar, husband questioned over ICICI-Videocon loan case

Devdiscourse News Desk | New Delhi | Updated: 15-05-2019 00:13 IST | Created: 14-05-2019 23:43 IST
Chanda Kochhar, husband questioned over ICICI-Videocon loan case
Image Credit: ANI

Former ICICI bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were questioned for eight hours by the Enforcement Directorate (ED) on Tuesday for the second consecutive day in connection with the ICICI-Videocon loan case. The Directorate has also called them for questioning tomorrow.

They were earlier grilled by the ED at its Mumbai office after the agency conducted raids in March at premises connected to them. Chanda Kochhar, who was summoned on May 3 by the ED, had sought an extension of time to appear before the agency. The ED had previously questioned Deepak Kochhar's brother Rajiv Kochhar from April 30 to May 2. According to ED sources, Rajiv Kochhar allegedly withheld crucial information pertaining to the case.

The matter related to alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to Videocon Group in 2009 and 2011. The ED had on March 1 carried out searches at the premises of Pacific Capital Services Private Limited and Quality Techno Advisors Pvt Ltd. The duo holds stakes in the two companies.

The two firms have moved a petition in the PMLA appellate tribunal, seeking the release of documents which were allegedly seized by the ED on March 1. Videocon Group promoter Venugopal Dhoot has also been questioned in connection with the case.


TRENDING

OPINION / BLOG / INTERVIEW

Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...

Pharma post-COVID 19: Reducing political clout can alter business models

Powerful governments that have historically supported the pharma industry in enforcing global intellectual property rules are changing course and introducing legislation that can override normal patent rights during emergencies....

Videos

Latest News

South Korean cafe hires robot barista to help with social distancing

The new robot barista at the cafe in Daejeon, South Korea, is courteous and swift as it seamlessly makes its way towards customers.Here is your Rooibos almonds tea latte, please enjoy. Its even better if you stir it, it says, as a customer ...

Movement-based yoga can significantly improve mental health: Aus researchers

Movement-based yoga can significantly reduce depressive symptoms in people during the ongoing coronavirus crisis, according to Australian researchers. The researchers defined movement-based yoga as any form of yoga where participants are ph...

Philippines posts five new coronavirus deaths, 284 infections

The Philippines health ministry on Monday reported five additional novel coronavirus deaths and 284 more infections, the largest daily increase of cases in two weeks.In a bulletin, the ministry said total deaths have increased to 873, while...

One more COVID-19 fatality in J&K, death toll reaches 22

A 63-year-old man died of coronavirus at a private hospital here, taking the death toll due to the disease in the Jammu region to three and to 22 in the Union Territory of Jammu and Kashmir, officials said. The man, a lawyer by profession, ...

Give Feedback