Chanda Kochhar's husband arrested by ED in money laundering case

Mumbai: The Enforcement Directorate (ED) on Monday arrested Deepak Kochhar in a money-laundering case registered more than a year and half ago against the businessman and his wife, former ICICI Bank chief executive Chanda Kochhar.

During questioning, he was confronted with fresh evidence that recently emerged about a money trail related to his company NuPower Renewables, said an official privy to the matter.

"Since he was not cooperating in the investigation, he was placed under arrest", he added.

The ED had filed the money-laundering case in January 2019, after the Central Bureau of Investigation booked the Kochhars, Videocon Group chairman Venugopal Dhoot and six others over alleged quid pro quo in loan transactions between ICICI Bank and Videocon.

The CBI had accused Chanda Kochhar of receiving a kickback through her husband from Videocon for sanctioning loans. Asianet Online