ED probe
Ex-ICICI Bank CEO's husband Deepak Kochhar arrested in money laundering case
New Delhi/IBNS: The Enforcement Directorate (ED) on Monday arrested businessman Deepak Kochhar, who is the husband of former ICICI Bank CEO Chanda Kochhar, in connection with an alleged money laundering deal between the bank and Videocon Group.
According to reports, he was arrested after being quizzed by the probe agency earlier in the day.
Last year, the ED had filed a criminal case under the Prevention of Money Laundering Act (PMLA) Chanda Kochhar, her husband and Venugopal Dhoot of Videocon Group to investigate alleged irregularities and corrupt practices in sanctioning ₹ 1,875 crore in loans by ICICI Bank.
The probe agency had also attached assets worth Rs. 78 crore in connection with a money laundering case.
As per reports, since Deepak Kochhar was not cooperating with the agency, therefore he was placed under arrest.
He will be taken to an anti-money laundering court in Delhi on Tuesday.
According to reports, Dhoot had provided Rs 64 crore to a firm called NuPower Renewables Pvt Ltd that he had set up with Deepak and two relatives six months after the Videocon group got Rs 3,250 crore as loan from ICICI Bank in 2012. Rs 2,810 crore of the loan remains unpaid.
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