January 03, 2025 05:05 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Punjab cop dismissed for facilitating TV interview of Larence Bishnoi while in custody | 'Not Veer Savarkar', Congress student wing demands Delhi college be named after Manmohan Singh | 'Cowardly': PM Modi condemns New Orleans terrorist attack that killed 15 | Prashant Kishor starts fast unto death over Bihar Public Service Commission prelims cancellation demand | Bangladesh court denies bail to arrested Hindu monk Chinmoy Krishna Das | Tesla Cybertruck with fuel and fireworks explodes near Donald Trump's Las Vegas hotel, 1 killed | US: Mass shooting at a New York nightclub, 11 people shot | Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar | SRK, Akshay Kumar praise PM Modi's global initiative to take Indian cinema to a greater scale | Manipur CM N Biren Singh responds after Congress leader asks him 'why can't PM' visit' violence-hit northeastern state
Image wikimedia:commons

ED attaches Rs. 78 cr worth assets of Chanda Kochhar

| @indiablooms | Jan 10, 2020, at 09:00 pm

Mumbai/IBNS: The Enforcement Directorate has attached assets worth Rs. 78 crore in connection with a money laundering case against former ICICI Bank Chairman Chanda Kochhar and others, media reports said on Friday.

Under the Prevention of Money Laundering Act (PMLA), a provisional order has been issued for attachment of the properties.

These properties include Kochhar's Mumbai-based house and some other assets belonging to a company that is connected to her.

The ED is probing Kochhar, her husband Deepak and Videocon head Venugopal Dhoot in connection with a loan irregularity case.

According to media reports, Dhoot had provided Rs 64 crore to a firm called NuPower Renewables Pvt Ltd that he had set up with Deepak and two relatives six months after the Videocon group got Rs 3,250 crore as loan from ICICI Bank in 2012. Rs 2,810 crore of the loan remains unpaid. 

Image wikimedia:commons

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.