Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
ICICI Bank-Videocon loan case: ED likely to summon Chanda Kochhar, husband again for interrogation
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • ICICI Bank-Videocon loan case: ED likely to summon Chanda Kochhar, husband again for interrogation

ICICI Bank-Videocon loan case: ED likely to summon Chanda Kochhar, husband again for interrogation

FP Staff • May 23, 2019, 13:33:31 IST
Whatsapp Facebook Twitter

Last week, Chanda Kochhar and her husband were summoned by the ED for questioning in connection with ICICI Bank-Videocon loan case.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
ICICI Bank-Videocon loan case: ED likely to summon Chanda Kochhar, husband again for interrogation

Chanda Kochhar, the former MD and CEO, ICICI Bank and her husband Deepak may be summoned for interrogation again in the Rs 1,875 crore loan scam involving the latter’s firm NuPower Renewables and Videocon Group as the investigation agency is not satisfied with the duo’s answers in the previous rounds of questioning, said a media report. The Enforcement Directorate (ED) may ask the Kochhars to appear before it next week along with certain documents, The Economic Times reported quoting people in the know of the development. [caption id=“attachment_6647791” align=“alignleft” width=“380”]File photo of Chanda Kochhar, former ICICI Bank CEO Chanda Kochhar arriving at the Enforcement Directorate’s (ED) office. Reuters File photo of Chanda Kochhar. Reuters[/caption] Last week, Kochhar and her husband were summoned by the ED for questioning in connection with ICICI Bank-Videocon loan case. On 16 May, the ED had questioned the former ICICI Bank CEO and her husband for the fourth consecutive day, for about 9 hours. The ED recorded statements of the duo in connection with the investigation into alleged irregularities and corrupt practices in the sanction of Rs 1,875 crore loan disbursed by ICICI Bank to Videocon Group in 2009 and 2011. In another development, the adjudicating authority under the Prevention of Money Laundering Act (PMLA) reportedly issued a show-cause notice to the Kochhars, Videocon chairman VN Dhoot and eight others asking why it should not confirm the provisional attachments of certain articles that the ED had seized, the report said. Meanwhile, a team of the ED had recently reached  Singapore in connection with the money laundering case against Kochhars, and Dhoot, according to a report in  The Economic Times. The ED team reportedly talked to the officials of the Inland Revenue Authority of Singapore (IRAS) of Singapore in connection with companies owned by Deepak’s brother, Rajiv, said the report quoting sources. Early this week, there were reports that Kochhar was planning to take legal options to challenge her ouster from the bank and retrieval of bonuses as well as perks after a panel indicted her in the loan scam. She reportedly shot a legal letter to ICICI Bank objecting to the way her resignation was treated as a termination. She also refused to return the money she got as bonuses and stock options between April 2009 and March 2018, as per the alleged directions by the bank It is alleged that during the tenure of Kochhar, six loans worth Rs 1,875 crore were cleared for the Videocon Group and its associated companies. In two of these cases, she herself was on the sanctioning committees. It was alleged that Videocon Group pumped money into Deepak Kochhar’s NuPower Renewables The board of ICICI Bank had repeatedly given a clean chit to Kochhar in the past and refuted issues of conflict of interest. On 28 March 2018, the bank had said, “The board has come to the conclusion that there is no question of any quid pro quo/nepotism/ conflict of interest as is being alleged in various rumours. The board has full confidence and reposes full faith in the Bank’s MD &a CEO, Ms Chanda Kochhar.” (With additional inputs from agencies)

Tags
Enforcement Directorate NewsTracker Chanda Kochhar Videocon ED PMLA Videocon Group deepak kochhar ICICI Bank Videocon loan case loan scam
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV