[ad_1]
New Delhi:
Deepak Kochhar, the husband of former ICICI Bank CEO Chanda Kochhar, has been despatched to 10-day custody of the Enforcement Directorate for alleged money-laundering. Mr Kochhar was arrested by the Enforcement Directorate yesterday after 9 hours of questioning.
He was produced earlier than an anti-corruption courtroom in Mumbai earlier than he was despatched to the Enforcement Directorate’s custody until September 19.
The probe company has not summoned Chanda Kochhar.
“Deepak Kochhar has not been cooperating with the investigation, so his custodial interrogation was wanted,” an individual concerned within the investigation informed NDTV, asking to not be named.
In 2012, ICICI Bank below Ms Kochhar gave a mortgage of Rs 3,250 crore to Videocon Group. Six months later, industrialist Venugopal Dhoot’s Supreme Energy gave a mortgage of Rs 64 crore to NuPower Renewables, wherein Mr Kochhar has 50 per cent stake. Investigators have mentioned this Rs 64 crore was quid professional quo.
Ms Kochhar stop as ICICI CEO practically two years in the past because of the investigation. The Kochhars have denied all costs in opposition to them.
In its request in search of Mr Kochhar’s custody, the Enforcement Directorate mentioned he had been “totally non-cooperative, evasive and misleading during the investigation”.
Last 12 months, the Enforcement Directorate performed searches on Ms Kochhar’s properties and people linked to Videocon. Videocon’s managing director has additionally denied any wrongdoing.
In January this 12 months, ICICI Bank filed a petition within the Bombay High Court in search of restoration of bonuses given to Ms Kochhar. Ms Kochhar had challenged the “termination” of her employment by the nation’s second-largest personal financial institution final 12 months, which had blocked her remuneration over allegations of granting “out-of-turn” loans.
[ad_2]
Source hyperlink