<span style="color: #222222;">Former ICICI Bank CEO and MD Chanda Kochhar today appeared before the Enforcement Directorate, ED at the Agency Headquarters in New Delhi for questioning in connection with the ICICI-Videocon loan case.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">Last week, the financial probe agency had summoned Kochhar to record her statement after she failed to appear on 5th of this month.</span><br />'' <br />'' <span style="color: #222222;">The ED has registered a criminal case under the Prevention of Money Laundering Act, PMLA early this year against Chanda Kochhar, her husband Deepak, Venugopal Dhoot of Videocon Group and others to probe alleged irregularities and corrupt practices in sanctioning of 1,875-crore rupees loans by ICICI Bank to the corporate group.</span><br />'' <br />'' <span style="color: #222222;">In March, the ED had conducted a series of searches at the residence and office premises of the Kochhar as part of its investigations and also questioned Chanda and Deepak along with Dhoot.</span><br />'' <br />'' <span style="color: #222222;">The ED action was based on a CBI FIR.</span>
News On AIR | May 13, 2019 12:20 PM
ICICI-Videocon case: Chanda Kochhar appears before ED