Former ICICI Bank CEO Chanda Kochhar appeared before the Enforcement Directorate on Monday concerning an alleged bank loan fraud and money laundering case.
She arrived before the Enforcement Directorate’s office in New Delhi in Khan Market shortly before her scheduled appearance time of 11 am, official sources said.
Sources said Chanda Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).
Her husband Deepak Kochhar has also been summoned in the same case even as her brother-in-law (Deepak’s brother) Rajiv Kochhar has been grilled by the ED few days back.
They have been questioned in the past too at the agency’s office in Mumbai after the central agency conducted raids in this case on March 1.
The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad.
The ED has registered a criminal case under the PMLA early this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the Bank to the corporate group.
This ED action was based on a CBI FIR.
The CBI has named all the three and Dhoot’s companies – Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).
The CBI also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.