newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra
Business Real Estate

Kochhar skips ED date

Former ICICI Bank CEO Chanda Kochhar Monday skipped her scheduled appearance before the ED in a money laundering case probe, citing bad health, officials said.The probe involves the bank and the Videocon group.

Chanda Kochhar will now be asked to depose later this week. She had not appeared before the agency even last week citing health reasons.

Official sources had told earlier this week that the central probe agency is now mulling to call some more bank officials to confront them with the statements made by Chanda Kochhar and obtain further leads.

The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.

The agency is also preparing to analyse the details of assets of the Kochhars and others so that they can be provisionally attached under the Prevention of Money Laundering Act (PMLA).

The anti-corruption probe agency also named Supreme Energy, a company founded by Dhoot, and NuPower Renewables, a company controlled by Deepak Kochhar, in the FIR.

The CBI alleged that Dhoot had invested in Nupower through his firm Supreme Energy in a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

Related posts

Quikr Acquires Zefo For INR 200 Cr

Newsmantra

WOCKHARDT GLOBAL SCHOOL AUTHORISED FOR PYP

Newsmantra

Sensex down

Newsmantra

Leave a Comment

16 − fifteen =