ED Attaches Property Worth Rs 78 Crore of Former ICICI Bank CEO Chanda Kochhar 

Notably, total assets worth Rs. 78 crore (book value) have been attached, including Chanda Kochhar flat in Mumbai and some properties of the company of his husband.

Author: India.com News Desk Edited by: Shubhangi Gupta

Updated: January 10, 2020, 5:00 PM IST

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https://www.india.com/news/india/ed-attaches-property-worth-rs-78-crore-of-former-icici-bank-ceo-chanda-kochhar-3905351/ Copy

Chanda Kochhar (File Photo)

New Delhi: The Enforcement Directorate on Friday attached properties of former MD and CEO of ICICI Bank Chanda Kochhar and her family in a money laundering case involving the bank and the Videocon group. Notably, total assets worth Rs. 78 crore (book value) have been attached, including Chanda Kochhar flat in Mumbai and some properties of the company of his husband.

Last year, a criminal case was registered by the ED against Chanda Kochhar, her husband and Venugopal Dhoot of the Videocon Group under the Prevention of Money Laundering Act (PMLA) to investigate the alleged irregularities in the sanctioning of six high-value loans to various Videocon Group companies.