Chanda Kochhar left the ED office later as she was asked to operate her bank lockers by the agency, as part of their probe, said sources.
Beleaguered banker Chanda Kochhar and her husband Deepak Kochhar were grilled by the Enforcement Directorate for the second consecutive day in Mumbai under the ICICI Bank-Videocon Prevention of Money Laundering Act (PMLA) case, the Indian Express reported. The law enforcement agency also separately questioned Videocon’s Chairman Venugopal Dhoot.
Kochhar and her husband had appeared before the ED office yesterday. However, Kochhar left the ED office later as she was asked to operate her bank lockers by the agency, as part of their probe, the Indian Express quoted sources familiar with the development.
While Dhoot left the ED office around 11.30 PM, Deepak Kochhar was questioned till late night for the investments received by NuPower Renewables Pvt Ltd from various domestic and foreign firms. ED also recorded the statements of some of Kochhar and her husband’s relatives.
The couple was summoned a day after ED searched the premises of Chanda Kochhar and Venugopal Dhoot. The raids were conducted in at least five office and residential premises in Mumbai and a few other locations, PTI reported citing officials.
ED had registered a case under the PMLA earlier this month against Chanda Kochhar, Deepak, Dhoot and others to probe alleged improprieties and a possible quid pro quo in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.
The high-profile case involving the former MD and CEO of ICICI Bank has assumed heightened focus after it led to the unceremonial exit of Kochar from the bank amid allegations of impropriety in giving a loan to a company related to her husband’s business.
CBI last month registered an FIR against Chanda Kochhar, Deepak, and Dhoot. Importantly, the CBI has named Supreme Energy, a company founded by Dhoot, and Nupower Renewables, a company controlled by Deepak Kochhar, in the FIR. The ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot, PTI reported CBI as having alleged.