ICICI Bank-Videocon case: Chanda Kochhar appears before Mumbai Sessions Court

Former MD & CEO of ICICI Bank Chanda Kochhar on Friday arrived at Mumbai Sessions Court after she was summoned in ICICI Bank-Videocon loan case.

The Enforcement Directorate (ED) in November 2020 filed its first charge sheet in the ICICI-Videocon loan case, naming former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon group chief Venugopal Dhoot and seven firms in a money laundering case.

According to ED sources, the financial probe agency has named Chanda Kochhar, Deepak Kochhar and Dhoot along with seven firms, including Videocon International Electronic Limited (VIEL), Videocon Industries Ltd, NuPower Renewables Ltd and Supreme Energy Pvt Ltd, among others.

The case pertains to alleged irregularities in sanctioning six loans worth Rs 1,875 crore to Videocon Industries Limited, Videocon International Electronics Ltd and four other companies associated with the Videocon group between June 2009 and October 2011.

Former MD & CEO of ICICI Bank Chanda Kochhar arrives at Mumbai Sessions Court after she was summoned in ICICI Bank-Videocon loan case pic.twitter.com/WLppECkBtI

— ANI (@ANI) February 12, 2021