ED quizzes Kochhar for 4th day in Videocon loan case
The Enforcement Directorate today questioned former ICICI Bank CEO Chanda Kochhar for the fourth consecutive day in the ongoing probe into the alleged irregularities and corrupt practices in sanctioning Rs 1,875-crore loan by the bank to the Videocon Group.
The agency on Sunday also quizzed Nishant Kanodia, chairman of Matix Group and son-in-law of Essar Group co-founder Ravi Ruia, regarding investments made by his Mauritius-based firm Firstland Holdings in NuPower Renewables Pvt Ltd, a company run by Deepak Kochhar. Deepak Kochhar and Videocon Group promoter Venugopal Dhoot were on March 2 quizzed till late night in the case.
The ED on March 1 also carried out raids under the Prevention of Money Laundering Act at five offices and houses owned by the Kochhars and Dhoot.Chanda Kochhar’s questioning began at the ED’s office after she deposed before the investigators around noon.The ED questioned Chanda Kochhar for the first time on March 1 at her south Mumbai residence along with her husband Deepak Kochhar. On Sunday, she was questioned for the third straight day.
The ED started the probe after registering a criminal case under the PMLA in February against the Kochhars, Dhoot and others, taking cognisance of a first information report filed by the Central Bureau of Investigation.
The FIR named the Kochhars, Dhoot and his companies Videocon International Electronics Ltd and Videocon Industries Ltd. It also included names of Supreme Energy, a company founded by Dhoot, and NuPower Renewable, a firm controlled by Deepak Kochhar.







