According to the latest news, Deepak Kochhar, the husband of Chandi Kochhar, former CEO of ICici Bank, was arrested by the Enforcement Directorate in connection with ICICI Bank’s Rs 1,730 crore case.
According to sources, Deepak Kochhar was arrested by the Mumbai branch and told by a top ED official to IANS that Deepak Kochhar was arrested after a long interrogation under the Prevention of Money Laundering Act.
The Enforcement Directorate reportedly took action on the bank’s CEO Chanda Kochhar and her husband Deepak Kochhar after about a year. Last year, the Enforcement Directorate lodged a complaint against the companies of Videocon director Venugopal Dhoot (Videocon International Electronics Limited and Videocon Industries Limited) based on the complaint filed by the CBI for money laundering.
78.15 crore movable and immovable assets were attached by the Enforcement Directorate at the beginning of the year. Not only that, but the Enforcement Directorate also says that the bank owned by former managing director and CEO Chanda Kochhar, companies owned by her husband Deepak Kochhar, which was in possession of 78.15 crores. Was the property.
1,730 crore loan sanctioned by Videocon Industries Limited (VIL) and all these group companies was refinanced and given a fresh loan and thereafter the loan became a non-performing asset for ICici Bank from 30 March 2017. Has gone.
During the investigation, it was revealed that the committee headed by Videocon International Electronics Limited was given an amount of 64 crores out of 300 crores sanctioned by Chanda Kochhar to Nupavar. Not only this, before then it became known as NuPower Renewables Ltd. On 8 September 2009 by ICici Bank, one day after disbursement of the loan by VIL.
Along with this, net revenue of 10.65 crores from tainted funds was generated by NTR, for this reason, an amount of 74.65 crores was transferred to NRPL.
It was revealed during the investigation that Videocon’s group companies in Mumbai were acquired by Seo Chanda Kochhar and her husband Deepak Kochhar on an apartment owned by a group. And not only here, by making a book entry on it through the family trust, but the company also got at least the price.
But as per the investigation of the case, the entire property of SEO taken by the Enforcement Directorate in the name of Rs. 10.5 lakhs, the flat in Mumbai (book value of Rs. 3.5 crores), apart from all the subsidiaries NuPower Renewables Pvt. Ltd. All associated companies have been seized by the Enforcement Directorate.
Not only this, but Deepak Kochhar has also been arrested as a crime under a total amount of 78.15 crores, not only this case is still going on properly.