Chanda Kochhar Case: The Enforcement Directorate on Wednesday submitted draft documents relating to charges against former ICICI Bank CEO Chanda Kochhar, her business husband and other accused before a special PMLA court in a money laundering case.
A court set up under the Prevention of Money Laundering Act (PMLA) has fixed September 6 for framing of charges in the ICICI Bank-Videocon money laundering case. Other accused in the case include Chanda Kochhar’s husband Deepak Kochhar and Videocon group promoter Venugopal Dhoot.
Deepak Kochhar was arrested
Deepak Kochhar was arrested by the central probe agency in September last year. Since then he is in jail. The special PMLA court had granted bail to Chanda Kochhar and Dhoot in February and March respectively after they appeared in the court. Both the accused have never been arrested in this case.
The Enforcement Directorate had arrested Deepak Kochhar in September 2020. The directorate had registered a criminal case of money laundering against Kochhar, Dhoot and others on the basis of an FIR filed by the Central Bureau of Investigation (CBI).
What is the charge?
Let us tell you that Chanda Kochhar is accused of misusing her official position in giving loans to VN Dhoot’s Videocon Group companies and took undue advantage from her husband.
Also read: Former ICICI Bank CEO Chanda Kochhar gets conditional bail, will not be able to travel abroad without permission