New Delhi: The Enforcement Directorate (ED) on Monday questioned former ICICI Bank MD and CEO Chanda Kochhar and her husband Deepak Kochhar for over nine hours and asked them to appear again on Tuesday, in connection with its ongoing investigation into Rs 1,875-crore Videocon loan case.
In March, the ED had conducted a series of searches at the residence and office premises of Kochhars as part of its investigations and also questioned them along with Videocon Group promoter Venugopal Dhoot.
Allegedly, Dhoot had invested in NuPower Renewables Ltd through his firm Supreme Energy as quid pro quo for loans cleared by the ICICI Bank under Chanda Kochhar.
Out of the Rs 40,000 crore loan to the Videocon group, Rs 3,250 crore was given by ICICI Bank and a large portion of the loan by ICICI was unpaid at the end of 2017.
The bank proceeded to declare the Rs 2,810 crore of unpaid loan as a non-performing asset (NPA).
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