- The case related to the investigation of alleged irregularities in money lending and money laundering to Videocon group
- ED attached assets worth Rs 78.15 crore to coach couple and their companies at the beginning of the year
- ED action on Videocon scam, Chanda Kochhar husband Deepak arrested
After a year of major action in the Videocon case, the Enforcement Directorate arrested Deepak Kochhar, the husband of former ICICI Bank chief Chanda Kochhar. According to the information, Deepak Kochhar was questioned before ED. He was then arrested in the case of money laundering. The arrest was made by the Mumbai branch of the Financial Investigation Agency.
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The complaint was filed a year ago
The ED had registered a case of money laundering last year on the basis of a complaint lodged by Videocon’s director Venugopal Dhoot, his companies. There was also a complaint against Chanda Kochhar and her husband Deepak Kochhar. After this, a big action has been taken after one year. ED had attached movable and immovable assets worth Rs 78.15 crore to Chanda Kochhar, Deepak Kochhar and their companies at the beginning of the year.
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The matter is related to Videocon
The entire case relates to an investigation into alleged irregularities in bank lending and money laundering to the Videocon group. According to the ED investigation, the Rs 1,730 crore loan sanctioned to Videocon Industries Limited and its group companies was refinanced and fresh loan is given. Was and these loans became NPAs for ICICI Bank on March 30, 2017.
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Deepak Kochhar was benefited in this way
According to the ED investigation, out of the Rs 300 crore loan sanctioned to Videocon International Electronics Limited by a committee headed by Chanda Kochhar, Rs 64 crore was transferred to Nupower Renewables Private Limited owned by Deepak Kochhar on September 8, 2009. Videocon transferred the amount a day after the loan was approved. After this, Deepak Kochhar’s company earned revenue of 10.65 crores from this amount.
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