Deepak kochar - Latest News Update, Information, Photos & Videos on Deepak kochar at Lokmat Times

Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Bank MD and CEO Chanda Kochar in connection with the ICICI Bank-Videocon case, said officials on Monday.Earlier in the day, ED had called Deepak Kochhar for questioning to its Delhi office.The case pertains to the alleged misappropriation cited in loans given by the ICICI Bank to Videocon.In January this year, the agency had provisionally attached movable and immovable assets consisting of flat, land, seized cash, plant and machinery, located in Tamil Nadu and Maharashtra, totalling Rs 78.15 crore in possession of former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and the compes owned or controlled by him.The assets were attached under the Prevention of Money Laundering Act (PMLA) in ICICI Bank loan case. ED initiated an investigation after registering a case under PMLA on the basis of FIR for illegal sanctioning loans amounting to Rs 1,875 crore to Videocon Group of compes."The investigation revealed that Rs 64 crore, out of loan of Rs 300 crore sanctioned by a committee headed by Chanda Kochhar to Videocon International Electronics Limited, was transferred to Nupower Renewables Pvt Ltd (NRPL, earlier known as NuPower Renewables Limited, a company of Deepak Kochhar, husband of Chanda Kochhar) by VIL on September 8, 2009, just one day after disbursement of loan by ICICI Bank. Further, net revenue of Rs 10.65 crore was generated by NRL from these tainted funds. Therefore, proceeds of crime amounting to Rs 74.65 crore were transferred to/generated in NRPL," ED had said.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Deepak KocharFOLLOW

Deepak kochar, Latest News

Maharashtra :Mumbai: Chanda Kochhar, husband Deepak & Venugopal Dhoot sent to judicial custody till Jan 10 in loan fraud case

Former ICICI Bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group Chairman Venugopal Dhoot were ... ...

Aurangabad :ED conducts raid on Videocon properties

Aurangabad, July 16: The Enforcement Directorate officers conducted a raid on the Videocon owners’ Pradeep Dhoot and Rajkumar Dhoot’s ... ...

National :ICICI Bank-Videocon case: ED arrests Chanda Kochar's husband Deepak

Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Bank MD and CEO Chanda Kochar in connection with the ICICI Bank-Videocon case, said officials on Monday. ...