Comments
The Enforcement Directorate (ED), on Friday, assured the Supreme Court that it will not take any coercive action against Chanda Kochhar, the former CEO and MD of ICICI Bank, in a money-laundering case.
A Bench, headed by Justice SK Kaul, was informed by Solicitor General Tushar Mehta that the agency would not take any coercive step in pursuance of the ECIR registered in the ICICI Bank-Videocon Group loan case.
The Bench, also comprising Justices Dinesh Maheshwari and Hrishikesh Roy, said it would later hear the two other petitions filed by Chanda Kochhar challenging the arrest of her husband Deepak Kochhar.
The ED has recently filed a chargesheet against Chanda Kochhar, Deepak Kochhar and Videocon Group promoter Venugopal Dhoot on money-laundering charges.
Related Stories
CBI books Videocon’s Dhoot, others for Mozambique block stake deals
Banks, Petroleum Ministry, ONGC Videsh, Oil India and Bharat Petro Resources officials under scannerThe Kochhars, Dhoot and others have denied the allegations, official sources had said earlier.
They had said the chargesheet or the prosecution complaint has been filed under the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai.
The central probe agency had arrested Deepak Kochhar in September after it filed a criminal case of money laundering after studying an FIR registered by the CBI against the Kochhars, Dhoot and others.
It has slapped money-laundering charges against the Kochhars and their business entities for “illegal sanctioning of loans amounting to ₹1,875 crore to Videocon Group of companies”.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.