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Admin Reporter- Pooja

Mar 13 2019


Didn’t know of husband’s business dealings, says Chanda Kochhar to ED

Former ICICI BankNSE -0.66 % CEO Chanda Kochhar has told investigators she “wasn’t aware of her husband’s business dealings” with VideoconNSE -4.55 % group MD Venugopal Dhoot when six high value loans to the group were approved by the bank. According to sources, when asked about a Rs 64-crore loan given by Videocon group to Deepak Kochhar’s company

 

 

 

NuPower Renewables a day after a Rs 300-crore loan was disbursed to a Videocon group company by the bank, Kochhar said she “didn’t discuss her bank related work with her husband or vice-versa, hence there was no question of taking any favour in lieu of the bank loan”. CBI has alleged this Rs 64 crore loan was a bribe to the Kochhars. 

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