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Videocon Group News

ED arrests businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in money laundering case
Business

ED arrests businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in money laundering case

The ED had slapped money laundering charges against the Kochhars and their business entities for 'illegal sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of companies'.

ICICI Bank-Videocon loan case: Bombay High Court dismisses Chanda Kochhar's plea against termination of employment
Business

ICICI Bank-Videocon loan case: Bombay High Court dismisses Chanda Kochhar's plea against termination of employment

The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as the managing director and chief executive officer of the ICICI Bank

Videocon Industries insolvency case: NCLT orders inclusion of company's overseas assets in bankruptcy process
Business

Videocon Industries insolvency case: NCLT orders inclusion of company's overseas assets in bankruptcy process

The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon Industries' overseas oil and gas business in the ongoing insolvency process being conducted in the country

Videocon loan case: ED attaches assets worth Rs 78 cr belonging to former ICICI Bank CEO Chanda Kochhar, family
Business

Videocon loan case: ED attaches assets worth Rs 78 cr belonging to former ICICI Bank CEO Chanda Kochhar, family

The attached assets included her flat in Mumbai and some properties of the company of her husband Deepak Kochhar

Chanda Kochhar termination: Bombay High Court seeks RBI reply; next hearing on 18 December
Business

Chanda Kochhar termination: Bombay High Court seeks RBI reply; next hearing on 18 December

Chanda Kochhar had on 30 November moved the Bombay High Court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak

In a first, NCLT allows 13 Videocon group firms to be clubbed to speed up resolution process, get better value
Business

In a first, NCLT allows 13 Videocon group firms to be clubbed to speed up resolution process, get better value

The flagship Videocon Industries' debt stood at Rs 19,506 crore as of March 2018

ICICI Bank-Videocon loan case: Enforcement Directorate grills Chanda Kochhar, husband Deepak and Venugopal Dhoot
Business

ICICI Bank-Videocon loan case: Enforcement Directorate grills Chanda Kochhar, husband Deepak and Venugopal Dhoot

The Enforcement Directorate (ED) on Friday questioned former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon promoter Venugopal Dhoot in connection with a money laundering case involving their business concern, officials said

ICICI Bank-Videocon loan case: Former CEO Chanda Kochhar skips ED questioning; to be summoned again
Business

ICICI Bank-Videocon loan case: Former CEO Chanda Kochhar skips ED questioning; to be summoned again

Former ICICI Bank CEO Chanda Kochhar on Monday skipped her scheduled appearance before the Enforcement Directorate (ED) in a money laundering case probe, citing bad health, officials said

ICICI Bank-Videcon loan case: Delhi court directs withdrawal of lookout circular against Chanda Kochhar's brother-in-law
Business

ICICI Bank-Videcon loan case: Delhi court directs withdrawal of lookout circular against Chanda Kochhar's brother-in-law

A Delhi court on Friday directed the authorities concerned to withdraw the lookout circular (LOC) against Rajiv Kochhar, brother-in-law of former ICICI Bank CEO Chanda Kochhar, in an alleged bank loan fraud and money laundering case

ICICI Bank-Videocon loan case: ED to widen probe into money laundering; Chanda Kochhar to be grilled again
Business

ICICI Bank-Videocon loan case: ED to widen probe into money laundering; Chanda Kochhar to be grilled again

Kochhar will soon depose before the agency as she has recently sought more time from the agency owing to some health issues and personal commitments, they said.

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

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

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

ICICI Bank-Videocon loan case: Chanda Kochhar plans legal battle to challenge ouster, bonus retrieval
Business

ICICI Bank-Videocon loan case: Chanda Kochhar plans legal battle to challenge ouster, bonus retrieval

Chanda Kochhar reportedly shot a legal letter to the private lender, objecting to the way her resignation was treated as termination, denying to return the money she got as bonuses and stock options.

ICICI Bank-Videocon loan controversy: ED widens probe into total of 24 loans issued during Chanda Kochhar's tenure
Business

ICICI Bank-Videocon loan controversy: ED widens probe into total of 24 loans issued during Chanda Kochhar's tenure

The ED believes that the loans were issued by ICICI Bank “illegally and criminally” to Venugopal Dhoot-led Videocon Group

ICICI-Videocon loan case: ED calls Chanda Kochhar, husband Deepak for questioning today
Business

ICICI-Videocon loan case: ED calls Chanda Kochhar, husband Deepak for questioning today

ED is recording statements of the duo in connection with the investigation in the sanction of Rs 1,875 cr loan disbursed by ICICI Bank to Videocon Group

ICICI Bank-Videocon loan case: ED questions Chanda Kochhar, her husband for third consecutive day
Business

ICICI Bank-Videocon loan case: ED questions Chanda Kochhar, her husband for third consecutive day

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar appeared before the Enforcement Directorate (ED) for the third consecutive day on Wednesday in connection with the ICICI-Videocon loan case

ICICI Bank-Videocon loan case: Chanda Kochhar, husband appear before Enforcement Directorate again
Business

ICICI Bank-Videocon loan case: Chanda Kochhar, husband appear before Enforcement Directorate again

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar on Tuesday again appeared before the Enforcement Directorate here in connection with an alleged bank loan fraud and money laundering case registered against them

ICICI-Videocon bank loan case: Former CEO Chanda Kochhar appears before Enforcement Directorate
Business

ICICI-Videocon bank loan case: Former CEO Chanda Kochhar appears before Enforcement Directorate

Former ICICI Bank CEO Chanda Kochhar on Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her

ICICI Bank loan controversy: Videocon Group was not keen to recover Rs 64 cr given to Deepak Kochhar's firms, says MCA
Business

ICICI Bank loan controversy: Videocon Group was not keen to recover Rs 64 cr given to Deepak Kochhar's firms, says MCA

In March this year, a media report said that ICICI Bank board lost faith in Chanda in April 2018 following Deepak's disclosure acknowledging dealings with Videocon Group.

ICICI Bank loan row: Board lost faith in Chanda Kochhar after husband Deepak's disclosure of dealings with Videocon
Business

ICICI Bank loan row: Board lost faith in Chanda Kochhar after husband Deepak's disclosure of dealings with Videocon

The board found it difficult to believe Chanda Kochhar's explanation over the alleged quid-pro-quo deal after it received Deepak Kochhar's letter.

Bank of Maharashtra to auction assets of Videocon Group's Unity Appliances to recover Rs 154 cr loan
Business

Bank of Maharashtra to auction assets of Videocon Group's Unity Appliances to recover Rs 154 cr loan

State-owned Bank of Maharashtra (BoM) has put on sale movable and immovable properties of Unity Appliances, a unit of debt-ridden Videocon Group, to recover Rs 153.77 crore loan