The Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Financial institution MD and CEO Chanda Kochhar in reference to ICICI Financial institution-Videocon case, Enforcement Directorate (ED) officers have knowledgeable.
The Enforcement Directorate has arrested businessman Deepak Kochhar for alleged cash laundering in relation to a deal between the financial institution and Videocon Group. Deepak Kochchar was interrogated by the ED officers earlier within the day earlier than his arrest later within the night.
In 2019, a legal case below the Prevention of Cash Laundering Act (PMLA) was lodged in opposition to Chanda Kochhar, husband Deepak Kochhar and Videocon Industries Restricted (VIL) chairman Venugopal Dhoot to research alleged irregularities in sanctioning Rs 1,875 crore in loans by the ICICI Financial institution.
In June this yr, CBI booked Venugopal Dhoot and others for alleged irregularities within the acquisition of oil and gasoline property in Mozambique and inflicting loss to a consortium of banks led by the SBI.
This had come when the company was already probing Dhoot in a cash laundering case pertaining to the sanction of Rs 1,875 crore in loans by the ICICI Financial institution.
The ED had filed the cash laundering case final yr in opposition to Dhoot on the idea of a grievance registered by the CBI, which had named Dhoot, his firms (Videocon Worldwide Electronics Ltd, and Videocon Industries Ltd), in addition to former ICICI Financial institution CEO Chanda Kochhar and her husband Deepak Kochhar.
The ED had questioned Dhoot in December 2019 in Mumbai in reference to the case.
(With inputs from IANS)