The probe company had not summoned Chanda Kochhar, a co-accused within the case (File)
New Delhi:
Deepak Kochhar, who’s within the Enforcement Directorate’s custody over a cash laundering case, has examined constructive for coronavirus. The businessman – husband of former ICICI Financial institution chief Chanda Kochhar – was arrested final week after the company – that investigates monetary crimes – alleged he had not been cooperating throughout questioning.
Mr Kochhar, one of many primary accused within the ICICI-Videocon mortgage case, has been shifted to Delhi’s AIIMS for remedy. The ED officers who had questioned him have remoted themselves as a precaution in opposition to transmitting the lethal virus.
The businessman final week was produced earlier than an anti-corruption courtroom in Mumbai earlier than he was despatched to the Enforcement Directorate’s custody until September 19.
The probe company didn’t summon Chanda Kochhar, a co-accused within the case.
The case entails Rs three,250 crore in loans given by the ICICI to the Videocon Group, managed by the industrialist Venugopal Dhoot, when Ms Kochhar was main the financial institution. Inside months of sanctioning of the loans, Mr Dhoot’s Supreme Power had granted a mortgage of ₹ 64 crore to NuPower Renewables, during which Mr Kochhar has 50 per cent stake.
Investigators allege the Rs 64 crore mortgage to Mr Kochhar’s firm was a part of a quid professional quo deal.
Chanda Kochhar needed to step down because the ICICI CEO in 2018 due to the investigation. She had denied all costs in opposition to her and Mr Kochhar.
The CBI, which can also be probing the case, in its preliminary investigations, discovered the loans granted had been in alleged violation of the established insurance policies. These loans had been declared non-performing belongings in 2012.
Earlier this 12 months, ICICI financial institution had petitioned the Bombay Excessive Courtroom to recuperate bonuses given to the previous CEO.
Ms Kochhar had challenged the “termination” of her employment.
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