Deepak Kochhar, husband of Chanda Kochhar, former MD and CEO of ICICI Bank, has been arrested by the Enforcement Directorate in the ICICI Bank and Vodafone case. News agency officials have reported this.
Earlier, in January, the Enforcement Directorate seized the assets of Chanda Kochhar and her family, former MD and CEO of ICICI Bank. A total of 78 crore movable immovable property was seized. This included a flat in Mumbai and the property of Chanda’s husband’s company.
The Enforcement Directorate last year filed a criminal case against Chanda Kochhar, her husband Deepak Kochhar, Dhoot and others under PMLA for investigating alleged irregularities and corruption in the case of ICICI Bank sanctioning Rs 1,875 crore loan to Videocon Group Was. The Enforcement Directorate took action based on the CBI’s FIR (FIR).
The CBI had registered a case against these three and Dhoot’s companies- Videocon International Electronics Limited (VIEL) and Videocon Industries Limited (VIL) in this case. The CBI FIR also named NewPower Renewables, controlled by Supreme Energy and Deepak Kochhar. Supreme Energy was founded by Dhoot. The Central Investigation Agency has registered a case against all the accused under sections of Criminal Conspiracy, Fraud and Prevention of Corruption Act.