ED attaches Rs. 78 cr worth assets of Chanda Kochhar
Mumbai/IBNS: The Enforcement Directorate has attached assets worth Rs. 78 crore in connection with a money laundering case against former ICICI Bank Chairman Chanda Kochhar and others, media reports said on Friday.
Under the Prevention of Money Laundering Act (PMLA), a provisional order has been issued for attachment of the properties.
These properties include Kochhar's Mumbai-based house and some other assets belonging to a company that is connected to her.
The ED is probing Kochhar, her husband Deepak and Videocon head Venugopal Dhoot in connection with a loan irregularity case.
According to media reports, Dhoot had provided Rs 64 crore to a firm called NuPower Renewables Pvt Ltd that he had set up with Deepak and two relatives six months after the Videocon group got Rs 3,250 crore as loan from ICICI Bank in 2012. Rs 2,810 crore of the loan remains unpaid.
Image wikimedia:commons
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