Deepak kochhar news: ED to fly Deepak Kochhar to Delhi, quiz him at its HQ | India Business News
NEW DELHI: The Enforcement Directorate will fly down Deepak Kochhar to the capital for his custodial interrogation in a cash laundering case by which he’s co-accused along side his spouse and previous ICICI Financial institution CEO Chanda Kochhar.
The promoter of Nupower Renewables, Deepak Kochhar, was once arrested on Monday by way of the company in Mumbai for being allegedly evasive right through wondering within the contemporary previous. A unique court docket in Mumbai remanded him in ED custody until September 19 in view of clean proof accrued by way of the company and for his refusal to cooperate with the investigative crew.
Chanda Kochhar and Videocon Chairman Venugopal Dhoot, different two accused within the cash launder ing investigation initiated by way of the company in January 2019, may additionally face motion as, resources claimed, they too had been evasive.
“Each Dhoot and Chanda Kochhar have no longer been coming near near of their statements recorded with the company whilst the cash path is offering direct proof to a quid professional quo,” an officer identified.
Deepak Kochhar can be wondered on the company’s headquarters by way of the headquarter intelligence unit (HIU) which is probing his case. The high-profile probe is monitored by way of the particular HIU crew additionally given that the ED case is in keeping with a CBI FIR registered within the nationwide capital. The previous ICICI Financial institution CEO is accused of “unlawful sanctioning of loans” of Rs 1,875 crore to the Videocon crew of businesses as a part of an alleged quid professional quo by which Dhoot paid cash to Deepak Kochhar’s Nupower Renewables.
The pass judgement on noticed that the custodial interrogation of Deepak Kochhar was once “essential”. It’s an financial offence which calls for a definite other form of probe, so making an allowance for general arguments, the accused is remanded within the ED’s custody, the court docket mentioned.