Picture courtesy indiatribune.com
New Delhi: The Enforcement Directorate (ED) on Wednesday filed its first chargesheet in the ICICI Bank-Videocon loan case, involving Deepak Kochhar, businessman and husband of ICICI Bank’s former CEO Chanda Kochhar, and Videocon promoter Venugopal Dhoot.
The ED has filed the chargesheet against three individuals — Venugopal Dhoot, Deepak and Chanda Kochhar – and 10 entities including Videocon International Electronics Ltd (VIEL), Videocon Industries Ltd, Nu Power Renewables Ltd and Supreme Energy Pvt Ltd, reports moneycontrol.com.
Deepak Kochhar is in judicial custody of ED.
The investigation, under Prevention of Money Laundering Act (PMLA) in the ICICI Bank-Videocon loan case, pertains to irregularities in sanctioning of loans worth Rs 1,875 crore by ICICI Bank to five Videocon Group firms between June 2009 and October 2011.
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