Former ICICI Bank MD and CEO Chanda Kochhar has been summoned by Enforcement Directorate (ED) again on Monday in Videocon loan case, a probe agency official said here on Saturday.
Ms Kochhar, along with her husband Deepak Kochhar had been quizzed by the ED for continuous five days from May 13 to May 17 in this case.
She has been asked to depose before the ED on June 10 following the move of the probe agency to expand its probe into the money laundering case involving the bank and Videocon group by questioning some more officials of the bank, the official said.
The federal financial probe agency plans to call a few more bank officials, who were part of loan process, to confront them with the statement made by Ms Kochhar to corroborate the evidences.
Ms Kochhar’s brother-in-law and brother of her husband Rajiv Kochhar, has also been grilled by the ED multiple times in this case in past.
Rajiv Kochhar is the founder of Singapore-based Avista Advisory and was also questioned by the CBI about his company’s role in the restructuring of the loan.
The Kochhar couple has been questioned in the past too at the probing agency office in Mumbai.
The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Maharashtra’s Mumbai and Aurangabad.
The ED has registered a case under the Prevention of Money Laundering Act (PMLA) earlier this year against Chanda Kochhar, Deepak Kochhar, Videocon group’s owner Venugopal Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning Rs 1,875-crore loans by the ICICI Bank to the Videocon group.
