ED questions Chanda and Deepak Kochchar again

The Enforcement Directorate quizzed former Managing Director and Chief Executive Officer of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar again on Tuesday in the Videocon loans case.

Chanda Kochhar and Deepak Kochhar have been told to appear before the Enforcement Directorate team on Wednesday. According to the information received from officials, the second round of questioning began at 11 a.m. and continued for many hours. Chanda Kochhar and Deepak Kochhar have been questioned and asked to submit more documents.

The money laundering investigation is being conducted on the basis of an FIR filed by the CBI with allegations that a quid pro quo of Rs 60 crores paid in Deepak Kochchar’s company for sanction of loans to some companies of Videocon group in the form of investments.

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